Stripe Surges in Secondary Market

Weekly Edition & Stock Spotlight

February 9, 2024

Hill Chart Shape

ApeVue50 Index & Sectors YTD Performance

Most Active Names Performance

* Price (USD) estimated based on secondary market activity observed by ApeVue. Valuation is estimated based on said price and share count from state filings and/or news in the public domain. Note that share count in calculations may change as new filing documents are obtained.

ApeVue50 Privates versus Public Benchmarks/ETFs

<row>

<col>

</col>

<col>

Public v. Private (12mo)

The ApeVue50 tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.

This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.

</col>

</row>

Stock Spotlight - Stripe
Sectors

Financial Payments

Headquarters
San Francisco, California, USA
CEO
Patrick Collison

Stripe, operates as a technology company that provides financial infrastructure for the Internet. The company serves businesses ranging from startups to large corporations by processing online and in-person payments, issuing payouts, streamlining financial operations, and increasing revenue.

The core of Stripe's business model revolves around charging fees for transactions processed on its platform. Additionally, the company offers various services, including fraud detection, subscription management, and business financing, contributing to its revenue streams.

Latest News and Updates on Stripe

Will Stripe go public? Ever? - Stripe's shares have seen a significant increase in demand within the secondary markets, as indicated by a notable rise in its share price and also reflecting a valuation increase. This contrasts with a previous valuation drop in Stripe. Despite speculations, there's no confirmation on whether Stripe will go public in 2024. Click here to read more.
Adyen's Stock Price Jumps 21% - Stripe's competitor company, Adyen, a European payments business, saw its shares surge after it announced positive financial results for 2023. The firm's net revenue increased by 22% to €1.626 billion, outperforming analyst expectations. As they wrap up 2023, the company now plans to transition into a slower pace in hiring and investment, according to Ethan Tandowsky, Adyen's chief financial officer. Click here to read more.

Stripe’s Suite of Products

Stripe's Financial Data

<row>

<card>

Series I Valuation

<span class="date">2023-03-15</span>
<span class="value">$50B</span>

</card>

<card>

Implied Valuation

<span class="date">2024-02-05</span>
<span class="value">$66.58B</span>

</card>

<card>

Change Since Last Round

<span class="date">2023-03-15 → 2024-02-05</span>

<span class="value green">+33.17%</span>

</card>

</row>

Stripe Private Comparables

<row>

<col>

ROI 6M Series :

AV50, Stripe, Financial and Payments

Source: ApeVue

</col>

<col>

ROI for Period 30D, 60D, 90D, 180D:

AV50, Stripe, Financial and Payments

Source: ApeVue

</col>

</row>

Volatility 180D, 90D, 60D, 30D, 0D : AV50, Stripe, Financial and Payments

Volatility of composite price on x days before 2024-02-05

Source: ApeVue

Change in AV’s Implied Valuation since last funding round for Finance companies

ApeVue highlights change in ApeVue’s implied valuation since the last funding round for finance companies in ApeVue’s universe.

  • Notably, only Stripe has a positive change in AV’s implied valuation at 33% from $50B to $67B.
  • Chime has the highest decrease in valuation in terms of percentage from $25B to $5B, followed Brex from $12B to $4B.

Source: ApeVue

Volatility of AV’s Price

ApeVue highlights volatility of ApeVue’s composite price on 2024-02-05 for twelve finance companies selected based on changes in AV’s implied valuation:

  • Among the selected companies, Kraken had the highest volatility at 85%.
  • Conversely, Stripe had the lowest volatility at 8%.

Source: ApeVue

90D Bid:Ask Volume Ratio

Source: ApeVue

Ready to see it in action?

Schedule a demo with one of our experts