From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year

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TechCrunch 11h ago

From Skims to Stripe, here are the startups that are likely — or definitely — not having IPOs this year - TechCrunch

Quick Summary:

This echos what TechCrunch’s own Mary Ann Azevedo reported last October after the company hired a new CFO.Plaid was valued at $13.4 billion in 2021, its most recent valuation.

The tender offer did value the startup at $12.5 billion which is lower than the $20 billion Adobe was willing to pay, but also higher than the last primary round valuation Figma received, $10 billion.

In May, the company held a tender offer to allow existing investors and employees to sell their Figma shares, if they please, on the secondary market.