Stripe Inc. has yet to go public, but investors are still craving a piece of it.
The company, which processes payments for e-commerce businesses, recently offered investors the chance to acquire sizable stakes in the company from existing shareholders, including current and former Stripe employees, according to people familiar with the transaction.
But only about $1 billion of those bids were filled, one of the people said, suggesting that many current Stripe shareholders believe their stock has a long way to climb.
Among the largest buyers were mutual-fund giant Capital Group Cos., venture-capital firm Sequoia Capital, e-commerce company Shopify Inc. and buyout firm Silver Lake, some of the people said.
After a fundraising round in March, it became the most valuable private company in Silicon Valley, valued at $95 billion.
Inc, Stripe, Cos, Sequoia Capital, Shopify Inc
Silicon, Silicon Valley