Stripe's share purchase plan values company at €87.3bn

Limerick brothers say online payments using Stripe rose by 38% to $1.4tn last year

John Collison, co-founder Stripe.

Irish-US payments giant Stripe has reached an agreement with investors that will allow it buy shares from employees that will value the company at €87.3bn.

Alongside investors, Stripe said it would also repurchase shares. The agreement likely means a long-mulled stock market IPO is unlikely in the short term.