Venture capitalists and founders are eagerly anticipating the return of exits in the year 2024. It seems to be a shared sentiment among these stakeholders, but the specifics of when and how these exits will take place remain somewhat uncertain.
The consensus, though, is that fintech Stripe will finally make its way to the public market this year.
This is not just wishful thinking from the investors surveyed. According to Caplight, there has been a significant number of potential buyers vying for a chance to own a piece of Stripe in the past few months.
While bids can give us some insight into the interest surrounding a company, it’s ultimately the closed deals that reveal the true story. This week, a secondary sale was finalized, shedding light on what may be in store for Stripe in 2024. The sale, which took place the day after New Year’s Day, valued each share at $21.06, resulting in a valuation of $53.65 billion for the company, according to Caplight data.
When asked for comment, Stripe declined to provide any information.
There are a number of reasons why this particular deal is worth paying attention to. For one, it indicates an increase in value for Stripe since its last primary round of funding in March of last year, where the company was valued at $50 billion.
