John Collison, President and Co-founder of Stripe.
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Stripe announced a tender offer for employees and shareholders on Thursday, which values the $91.5 billion payments to the startup, the closest it is to Peak estimate is $95 billion In 2021.
“We are very concerned about providing good liquidity to our employees and existing shareholders,” Stripe co-founder and President John Collison said in an interview with CNBC’s Andrew Ross Sorkin.Squawk Box. ”
As for the company’s long-awaited public market debut, Collison said: “We are not dogmas about public and private issues, and “there are no near-term IPO plans.”
Stripe also revealed in its annual letter Thursday that its total payment volume generated $1.4 trillion in 2024, up 38% from last year. The company said it is profitable in 2024 and is expected to continue this year.
Collison said it cannot be managed on a “super tense quarterly earnings per share basis, as this growth tends to be wasted.”
Stripes ranked third in CNBC 2024’s 50 list of destroyers,from No. 28 in 2023.
Collison said the AI boom has been the key to the company’s recent growth. High-profile AI startup Openai, Human, Confused and Mistral are all Stripe customers.
“Unlike the booms before, you’re inherently more speculative, and we’re seeing a very real AI boom here when you have asset price speculation,” Collison said. “In the past few years, there have been a lot of companies growing, growing and growing, but they’re growing because they have real revenue and have real revenue because their customers find their products really useful.”
According to the company’s annual letter, Stripe, which was launched last year, was launched by more than 700 AI agent startups. Collison said that in the future agents will inevitably buy for human customers.
Founded in 2010, Stripe is conducting regular tender offers to allow early investors and employees to sell some of its shares to reduce public pressure. A year ago, the company Valuation of $65 billion.
