The Wall Street Journal: Payments startup Stripe slashes its internal valuation by nearly 30%

United States

Payments giant Stripe, last valued by private investors at $ 95 billion, cut the internal value of its shares by 28%, people familiar with the matter said.

Stripe told employees in an email Friday that the internal share price was about $ 29, compared with $ 40 in the most previous internal valuation, known as a 409A valuation, the people said. The move lowered the implied valuation of those shares to $ 74 billion, according to one of the people, which is calculated separately from the stock owned by major shareholders.