Stripe Inc. plans to repurchase its own shares in a tender offer, aiming to maintain a valuation of around $70 billion.

This action aligns with Stripe's ongoing strategy to effectively manage its equity and investor relations in a dynamic market environment. The company's valuation remains steady, indicating confidence in its business model and growth prospects.

The fintech company will buy back shares at a price of $27.51 per share, which is consistent with the valuation established in a previous share sale earlier this year.