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Fintech startup and perennial IPO candidate Stripe Inc. has cut its internal valuation for a third time in the past six months, according to a new report.
The Information reported Wednesday that the payments company, which is dually headquartered in Dublin, Ireland, and South San Francisco, Calif., has cut the value of its internal shares by about 11%, implying a valuation of about $63 billion. Its internal valuation has been slashed by about 40% since June, according to The Information.
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