venture capitalists and Founders hope-pray? — Exits will pick up in 2024. A recent TechCrunch+ survey found that venture capital firms unanimously believe that exits will begin to rebound this year, but when and how exactly will remain a bit fuzzy.
However, there is consensus that fintech company Stripe will go public this year. Apparently, the investors interviewed aren’t the only ones excited about Stripe’s possible exit in 2024. There has been an influx of buyers looking to acquire shares in the company in recent months, according to secondary data tracker Caplight.
While bids tell us one thing, deals tell us another, and the deals closing this week tell us a lot about what could happen for Stripe in 2024. A secondary sale closed on Tuesday, the day after New Year’s Day, valuing Stripe shares at $21.06 each; valuing the startup at $53.65 billion, according to Caplight data.
Stripe declined to comment.
This deal is noteworthy for several reasons. First, Stripe’s $53 billion valuation marks an increase from the company’s most recent Series A round last March, which valued Stripe at $50 billion.
