Venture capitalists and founders are hoping for exits to pick back up in 2024. A recent survey found that there is consensus among VCs that exits will start to rebound this year, but the when and the how are still a bit fuzzy.
The consensus, though, is that fintech Stripe will go public this year. The investors surveyed clearly aren’t the only ones who are excited about a potential Stripe exit in 2024, either. According to secondary data tracker Caplight, there has been an absolute flurry of buyers looking to get shares in the company in recent months.
While bids tell us one thing, deals tell us another, and a closed transaction this week tells us a lot about what could happen to Stripe in 2024. On Tuesday, literally the day after New Year’s Day, a secondary sale closed that valued Stripe shares at $21.06 apiece; that values the startup at $53.65 billion, according to Caplight data.
Stripe’s $53 billion value marks an increase from the company’s most recent primary round last March, when Stripe was valued at $50 billion.
The secondary deal is significant because it demonstrates the strong demand for Stripe’s shares and highlights the potential for the company’s future growth. As one of the leading players in the fintech space, Stripe has attracted significant attention from investors and is expected to have a successful IPO.
Stripe operates in the online payment API market, along with companies like PayPal, Amazon Payments, and Authorize.net. The global online payment API market is projected to grow at a compound annual growth rate of 8.0% from 2023 to 2032, according to a report. Stripe’s strong position in this market, coupled with its consistent growth and increasing valuation, bode well for its potential IPO.
Overall, the recent secondary deal involving Stripe shares underscores the excitement and anticipation surrounding the company’s potential IPO. As fintech continues to innovate and reshape the financial industry, Stripe is well-positioned to capitalize on the growing demand for online payment solutions. Investors and industry observers will be closely watching Stripe’s progress in the coming months, as it prepares for a potential debut on the public market.
Referências:
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