Stripe Valuation Soars to $70B in Secondary Markets Amid Acquisition and Funding Speculation
• Stripe shares soaring in secondary markets recently, with average share price rising from $22 in January to $28 now, suggesting valuation up from $55B to $70B • Activity and demand for Stripe shares is up significantly in January 2024 compared to late 2023 • Reasons unclear but could indicate Stripe pursuing new funding, acquisition talks, or pre-IPO moves • Secondary markets often event-driven, with investors betting on major impending Stripe announcements • But Stripe IPO in 2024 considered unlikely given election year expected to narrow IPO window