Financial services company Stripe Inc. announced on Thursday a secondary stock offer for current and former employees at a $91.5 billion valuation. The company said it will also repurchase some shares. It added that it generated a total payment volume of $1.4 trillion in 2024 growing 38% annually.
Stripe's co-founder and President John Collison (pictured) told CNBC that the startup has "no near-term plans" for an initial public offering (IPO). Although Stripe said it expects to be profitable in 2025 and beyond, Collison said it cannot commit to a "super tight quarterly EPS [earnings per share] basis because this growth tends to come in waves."
