# Stripe stock: Stripe is private, and its last share sale valued it at $159 billion
> Stripe is private, so it has no ticker and no public share price. Its February 2026 tender offer valued it at $159 billion. Its IPO status, who owns it, its valuation history and how you can get exposure today.
By Maya Koeva ยท 2026-11-10
Stripe stock is private stock. Stripe, the payments company run by the brothers Patrick and John
Collison, is not listed on any exchange, so it has no ticker and no share price you can look up. The
last price set for it came in February 2026, when a tender offer for employees valued the whole
company at **$159 billion**, up from $91.5 billion a year earlier.
For you, that number is a reference point: you can't trade at it. Only employees, former
employees and invited investors took part in that sale. If you want a piece of Stripe today, your
options are narrow: a secondary marketplace if you qualify as an accredited investor, or a listed
fund that holds a small Stripe stake among many other companies.
None; Stripe is a private company
$159 billion, February 24, 2026 tender offer
No filing, no date and no price announced
Patrick Collison (CEO) and John Collison (President)
$1.9 trillion, up 34% from 2024
## What is the Stripe stock symbol?
Stripe has no stock symbol. Its shares are not listed on the Nasdaq, the NYSE or any exchange
abroad, so a search for "Stripe" on your broker will not return the company.
| Name | Ticker | Where it trades | What it is |
|---|---|---|---|
| Stripe | None | Not listed | The private payments company |
| Scottish Mortgage Investment Trust | SMT | London Stock Exchange | A listed fund that holds Stripe preferred shares among many other holdings |
| Destiny Tech100 | DXYZ | NYSE | A listed fund with indirect Stripe exposure through a forward contract |
Both funds are listed companies whose portfolios include a Stripe position, and the section on how
to invest below shows how small those positions are.
## Is Stripe public, and will it IPO?
No, Stripe is not public. It was founded in 2010 and has stayed private through every round of
funding since. As of November 10, 2026, Stripe has not filed for an IPO, has not named banks to
run one and has not given a date or a price.
The founders have said as much in public. At the World Economic Forum in Davos in January 2026, John
Collison told Bloomberg that Stripe was "still not in any rush" to list. When Stripe announced its
$159 billion tender offer in February, he told CNBC that an IPO would be "a solution in search of
a problem" for a business that funds itself, and that going public was not among its top 20
priorities.
Stripe gives its shareholders cash a different way: it runs tender offers, in which outside
investors and Stripe itself buy shares from current and former employees. It has given employees a
way to sell every year since 2023. If you searched for a Stripe IPO date or a pre-IPO price, there is none to find.
Stripe is one of several big companies you can't buy directly. Waymo has no ticker either, and
**[our Waymo stock page](/blog/waymo-stock)** covers owning it through Alphabet. Anthropic is
further along than Stripe: it filed its S-1 on October 26, and
**[our Anthropic IPO page](/blog/anthropic-ipo)** tracks the price and date so far. xAI and
Starlink have no stock of their own and trade inside SpaceX, as
[our xAI stock page](/blog/xai-stock) and [our Starlink stock page](/blog/starlink-stock) explain.
## Who owns Stripe?
The Collison brothers, its employees and a long list of venture and institutional investors own
Stripe. Stripe does not publish a cap table, so the percentages each holds are not public.
- **Founders:** Patrick Collison, the CEO, and John Collison, the President.
- **Investors in its funding rounds:** the 2023 Series I was backed by Andreessen Horowitz (a16z),
Baillie Gifford, Founders Fund, General Catalyst, MSD Partners and Thrive Capital, with GIC,
Goldman Sachs Asset and Wealth Management and Temasek joining as new investors. The 2021 round
included Sequoia Capital, Fidelity, Baillie Gifford, Allianz, AXA and Ireland's National Treasury
Management Agency.
- **Buyers in the 2026 tender offer:** Thrive Capital, Coatue and a16z provided most of the money,
and Stripe used some of its own cash to buy back shares.
- **Current and former employees:** they hold stock and options, which is why the tender offers
exist. None of these stakes trades on an exchange.
## Stripe's valuation history
Private deals have set every price for Stripe so far, and the marks have swung widely:
| Date | Event | Valuation | Source type |
|---|---|---:|---|
| March 2021 | $600 million Series H round | $95 billion | Company statement, press reports |
| July 2022 | Internal valuation cut | $74 billion | Press reports (WSJ) |
| March 2023 | Series I, more than $6.5 billion, used for employee liquidity and taxes | $50 billion | Stripe announcement |
| February 2024 | Employee tender offer | $65 billion | Press reports (WSJ, Bloomberg) |
| February 2025 | Employee tender offer | $91.5 billion | Stripe announcement |
| September 2025 | Share buyback from investors | $106.7 billion | Press reports (Axios, Bloomberg) |
| February 2026 | Employee tender offer | $159 billion | Stripe announcement |
The 2023 round cut Stripe's value almost in half from its 2021 peak, during the selloff in
technology stocks. The marks then climbed for three years in a row. The September 2025 buyback was
the first to top the 2021 high, and the February 2026 tender offer added another 49% to that.
Secondary marketplaces post their own price estimates for Stripe, built from trades between
accredited investors. Those estimates move between tender offers and can sit above or below the
company's last mark. Stripe does not confirm them, so the table above sticks to Stripe's announcements and major press
reports.
## How big Stripe is
Stripe does not publish its revenue. It reports the volume of payments that businesses run through
it, in an annual letter from the founders:
| Year | Total payment volume | Change from the year before |
|---|---:|---:|
| 2024 | $1.4 trillion | +38% |
| 2025 | $1.9 trillion | +34% |
Stripe said the 2025 figure equals about 1.6% of global GDP. The letter also says Stripe "remained
robustly profitable" in 2025 and powers more than 5 million businesses, directly or through
platforms. Its Revenue suite, the billing and tax software it sells alongside payments, was on
track for an annual run rate of $1 billion in 2026.
Stripe also tried to get bigger by buying a listed rival. Bloomberg reported in February 2026 that
Stripe had shown interest in all or part of PayPal. In July, Stripe and the buyout firm Advent
International offered $60.50 a share, more than $53 billion in total, and PayPal's board turned it
down. Bloomberg reported on August 28 that the two had dropped the pursuit.
## How to invest in Stripe
There is no way to buy Stripe stock in a normal brokerage account. The routes that exist are
limited, and each comes with conditions:
1. **Work there.** Employees receive stock and options and can sell some of them in the company's
tender offers. This is the main way Stripe shares change hands.
2. **Buy on a secondary marketplace.** Platforms such as Forge, EquityZen and Hiive match buyers
with shareholders who want to sell. In the US you generally need to be an accredited investor,
minimums are high, and private companies like Stripe can restrict or block transfers of their
shares. A listing on one of these sites is not a guarantee that a sale will go through.
3. **Buy a listed fund that holds Stripe.** Scottish Mortgage Investment Trust (SMT, London) reported
two classes of Stripe preferred shares worth 2.4% of its total assets in its valuation as at
September 30, 2026. Destiny Tech100 (DXYZ, NYSE) listed Stripe exposure at 0.2% of its
portfolio as of June 30, 2026, held through a forward contract. In both cases you buy the whole
fund, mostly other companies, and closed-end funds can trade above or below the value of what
they hold.
4. **Wait for an IPO.** If Stripe files one day, the S-1 will be public and the shares will trade
on an exchange like any other stock. Nothing is filed today.
A crypto token that tracks Stripe's valuation gives you no shares and no claim on the company. If you are new to buying listed shares, start with
**[how to invest in stocks](/learn/how-to-invest-in-stocks)**.
## Public payment stocks to compare
These listed companies compete with Stripe in online and in-store payments. None of them owns it.
| Company | Ticker | Exchange | Overlap with Stripe |
|---|---|---|---|
| PayPal | PYPL | Nasdaq | Online checkout and payment processing, including Braintree; the company Stripe bid for in 2026 |
| Adyen | ADYEN | Euronext Amsterdam | Payment processing for large merchants |
| Block | XYZ | NYSE | Square payments for sellers, plus Cash App |
| Toast | TOST | NYSE | Payments and software for restaurants |
| Affirm | AFRM | Nasdaq | Buy now, pay later loans at online checkouts |
Each of these trades on a public market every day, so its price reflects what buyers will pay now.
Stripe's $159 billion is a single private mark from February.
## Common questions
### Can I buy Stripe stock?
Not on a public exchange. Stripe is private. Accredited investors can try secondary marketplaces,
subject to Stripe's transfer rules, and anyone can buy listed funds such as Scottish Mortgage
Investment Trust (SMT) that hold a small Stripe stake.
### What is Stripe's stock price?
Stripe has no public stock price because its shares do not trade on an exchange. Its February 2026
tender offer valued the whole company at $159 billion. Stripe did not announce a per-share price.
### Does Stripe have a ticker symbol?
No. Stripe has no ticker on any exchange. Searches for a Stripe ticker on a broker will not return
the company.
### When will Stripe IPO?
Stripe has not announced an IPO and has not filed for one, so there is no date and no price. Its
co-founder John Collison said in 2026 that the company is in no rush to list.
### How much is Stripe worth?
Stripe was valued at $159 billion in its February 24, 2026 tender offer, up from $91.5 billion in
February 2025 and above its 2021 peak of $95 billion.
### Who owns Stripe?
Its founders, Patrick and John Collison, its employees, and investors including Andreessen
Horowitz, Thrive Capital, Coatue, Sequoia Capital, Founders Fund, General Catalyst, Baillie
Gifford, GIC and Temasek. Stripe does not publish how much each owns.
### Is Stripe profitable?
Stripe says yes. Its 2025 annual letter says it "remained robustly profitable", without publishing
revenue or profit figures.
## Try it
Stripe doesn't trade, so it has no score. PayPal, Toast and Affirm do: open them in the
app, on the web at [app.quantral.com](https://app.quantral.com), on iOS or on
Android, to see what the accounts with a real track record say and every call behind the score.
Start with a 7-day free trial on the yearly plan.
Valuations, payment volume and IPO statements are from Stripe's announcements and the press
reports listed below, checked November 10, 2026. Fund holdings are from each fund's own
disclosure, with the date given in the text.
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