Private Fintech Stripe Again Proposes Staff Share Tender Offer
The Stripe Inc. headquarters in South San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The payments fintech Stripe Inc. will again buy back some shares from employees as it remains a closely-watched candidate for an initial public offering.
The employee tender offer will be financed by Stripe’s own cash this time, rather than outside sources, according to a person familiar with the matter who asked not to be identified discussing private information. The deal was first reported by The Information earlier Thursday.