SAN FRANCISCO, Feb 24, 2026, 05:35 PST
Stripe said a tender offer for employees and shareholders valued the payments company at $159 billion on Tuesday. A tender offer is a public solicitation to buy a sizable block of securities from holders. (Reuters)
The valuation has jumped from about $107 billion last year and is another sign Stripe is in no rush to list its shares, Axios reported. (Axios)
In its annual letter, Stripe said businesses running on its platform generated $1.9 trillion in total volume in 2025, up 34% from 2024, and that it remained “robustly profitable.” It said it made more than 350 product updates last year, acquired wallet firm Privy and billing startup Metronome, and expects its Revenue suite to hit a $1 billion annual run rate this year. Stripe also pointed to a rise in stablecoin activity, saying payments volume in the tokens doubled to about $400 billion in 2025; stablecoins are cryptocurrencies meant to keep a steady value by pegging to an asset such as the U.S. dollar. (Stripeassets)
The Financial Times reported the tender offer lets current and former employees sell shares while Stripe stays private, with investors including Thrive Capital, Coatue and Andreessen Horowitz agreeing to buy stock and Stripe also using its own capital. The FT said Stripe’s 2024 acquisition of stablecoin platform Bridge for $1.1 billion has become a sharper part of its pitch as it prioritizes what it called an “inflection point” from AI and stablecoins. “A big capital markets transaction like an IPO is not in our top 10 or 20 list of priorities,” president John Collison told the FT. (Financial Times)
Bloomberg, citing an interview with Collison, said the $159 billion price is up from the $106.7 billion valuation Stripe secured last year and that there are no imminent plans for a public listing. (Bloomberg)
A year ago, Stripe ran a similar liquidity program at a $91.5 billion valuation, signing agreements with investors to buy employee shares and saying it would also repurchase stock alongside those investors. (Stripe)
But the $159 billion mark comes from a private share sale, not a public-market test. If payments growth cools or investor appetite shifts, the next secondary price could move the other way.
