Stripe's valuation rebounds to $65 billion as payments giant buys back employee shares 😮‍💨; Webull to go public in $7.3 billion SPAC deal 😲

FinTech is Eating the World, 28 February

Hey Everyone,

Happy Wednesday & Good morning! Today’s issue is especially interesting as we’re going to look into Stripe whose valuation rebounded to $65 billion as the payments giant bought back employee shares (what it’s all about & why it’s rather disappointing + lots of bonus reads into Stripe and beyond), and Webull that aims to go public in $7.3 billion SPAC deal (what this tells us + a deeper dive into their biggest competitor). Let’s just jump straight into the interesting stuff 🌶

Stripe's valuation rebounds to $65 billion as payments giant buys back employee shares 😮‍💨

The BIG News 🗞️ San Francisco-based payments heavyweight Stripe just saw its valuation rebound to $65 billion through a $1 billion tender offer allowing current and former employees to sell their shares, according to multiple reports.

The FinTech giant's new valuation represents a 30% increase from last year's $50 billion valuation, though it remains below its peak $95 billion valuation in 2021.

Let’s take a look at this, see what it means, and why it’s (kinda) disappointing.