fintech

Interesting. Sequoia Capital is offering its investors a way to cash out of Stripe as limited partners in VC funds are increasingly desperate for liquidity, as companies like Stripe eschew IPOs.

Sequoia has emailed LPs in funds raised between 2009 and 2012, offering to buy up to $861 million of Stripe shares.

The price would be $27.51 per share, which represents a $70 billion valuation.

Interesting. Sequoia Capital is offering its investors a way to cash out of Stripe as limited partners in VC funds are increasingly desperate for liquidity, as companies like Stripe eschew IPOs.

Sequoia has emailed LPs in funds raised between 2009 and 2012, offering to buy up to $861 million of Stripe shares.

The price would be $27.51 per share, which represents a $70 billion valuation. https://www.axios.com/2024/07/15/sequoia-capital-stripe