Wall Street

Payments firm Stripe cuts internal valuation by 28% – WSJ

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Reuters UK

(Reuters) -Payments giant Stripe, last valued at $95 billion, has cut the internal value of its shares by 28%, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company told employees in an email that its internal share price was about $29, compared with $40 in the previous internal valuation, the report said. (https://on.wsj.com/3RxXPCG) Stripe declined to comment. High-flying tech valuations have come under pressure this year as investor sentiment takes a hit from fears of a looming recession and a chill in the equity markets. Earlier this month, Swedi…

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