Valuation of Collison brothers' Stripe set to hit over €118bn in new tender offer

The company hasn’t announced new funding since 2023, when it grabbed $6.5bn in a Series I financing led by Thrive Capital

Patrick and John Collison the co-founders of Stripe.

Payments platform Stripe, founded by Irish billionaires Patrick and John Collison, is arranging a tender offer that would give the payments giant a valuation of at least $140bn (€118.47bn), according to a person familiar with the matter, a jump of more than $30bn from its most recent value.

Investors said Stripe was worth $107bn in a deal last year. Terms of the latest tender offer could change, said the person, who asked not to be identified discussing private information.

Stripe declined to comment. Axios first reported the latest valuation.

The company, one of the most closely watched potential candidates for an initial public offering, has set up frequent tenders since 2024 as a way to let employees sell shares without going public.

The latest deal is a sign that Stripe may continue to delay an IPO. The company has repeatedly said it’s content to remain a private company, including as recently as January, when co-founder and president John Collison told Bloomberg that Stripe was “still not in any rush” to go public.

The company hasn’t announced new funding since 2023, when it grabbed $6.5 billion in a Series I financing led by Thrive Capital. Stripe reached full-year profitability in 2024.

Stripe recently acquired two companies to bolster its efforts to weave stablecoins into its core payments business. It bought infrastructure platform Bridge and crypto wallet provider Privy.

Last year, Stripe cut about 300 employees, or about 3.5% of its workforce, as part of what the company described as a restructuring. Stripe has said it plans to keep hiring and grow its headcount despite the layoffs.

Bloomberg