venture capitalists and The founders hope…pray? – for exits to recover in 2024. A recent TechCrunch+ survey found that there is consensus among venture capitalists that exits will begin to recover this year, but when and how are still a bit unclear.
However, the consensus is that fintech Stripe will go public this year. The investors surveyed clearly aren't the only ones excited about a potential Stripe exit in 2024, either. According to secondary data tracker Caplight, there has been an absolute rush of buyers looking to scoop up shares of the company in recent months.
While deals tell us one thing, deals tell us another, and a transaction closed this week tells us a lot about what could happen to Stripe in 2024. On Tuesday, literally the day after New Year's Day, a secondary sale that valued Stripe shares. at $21.06 each; That values the startup at $53.65 billion, according to Caplight data.
Stripe declined to comment.
There are a few reasons why this deal is worth paying attention to. For one thing, Stripe's $53 billion valuation marks an increase from the company's most recent primary round last March, when Stripe was valued at $50 billion.
