LONDON, March 16 (Reuters Breakingviews) – Stripe’s appraisal cut is probably still a relative indication of strength. The independently held payment start-up co-founded by siblings Patrick and John Collison stated late on Wednesday it raised over $6.5 billion from existing and brand-new financiers in a financing round that values it at $50 billion. The recently achieved price is a 47% cut from its 2021 assessment of $95 billion. And by some metrics Stripe appears to be valued at a discount rate relative to its openly noted peers. Stripe’s $50 billion is 3.5 times in 2015’s gross profits, while Dutch payment company Adyen (ADYEN.AS) trades on a several of 4.7 times.
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