Stripe Reportedly Lowers Internal Valuation

news.crunchbase.com

Payments company Stripe slashed its internal valuation of its shares by 28%, The Wall Street Journal reported Thursday.

The San Francisco-based company told employees last week that its internal share price was $29, down from the $40 per share figure the company had at its last internal valuation, WSJ reported.

Stripe was last valued at $95 billion in March 2021, making it the fifth most valuable private company in the world, according to the The Crunchbase Unicorn Board. The company is backed by investors including Andreessen Horowitz and General Catalyst.

Stripe lowering its share price also lowers the implied valuation of the shares to $74 billion, WSJ reported.

Stripe isn’t the first company to lower its own valuation this year. Instacart cut its own valuation from $39 billion to $24 billion in March. The move came as tech stocks were hammered in the public markets. Instacart was considered a prime candidate to go public in 2022, but IPO activity so far this year has pretty much been at a standstill.

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