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- Sequoia Capital is reportedly offering to buy Stripe’s shares from the payment company’s investors.
- The proposed price would be $27.51 per share, which represents a $70 billion valuation, Axios stated in a report.
- The selling LPs would not pay carried interest and Sequoia partners will not profit on the sales, unless they had personal investments in the relevant Sequoia funds and chose to liquidate their stakes, the report added.
- Earlier in March, the firm, which had a $65B valuation at the time, said it was not clamoring to go public.