Thornes J· Heyas
61 posts
(1/6) Why @stripe @patrickc would be unwise to do a deal for $pypl @paypal @EnriqueJLores BELOW $80-100/share. $PYPL is the public comp for @stripe and @stripe needs to go public to create liquidity for a lot of funds/LPs (owners) @chamath, @DavidSacks. A low valuation deal destroys their own inflated valuation for IPO 🧵👇👇👇
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(2/6) Stripe's 2025 EBITDA is estimated to be approximately $1.2 billion, alongside an estimated $6.9 billion in net revenue. They have a private market valuation of $159B 👇
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(3/6) This compares to $PYPL which did $33.17B in revenue in 2025 and ~7B of EBITDA. $PYPL enterprise value is ~$50B despite (1/3 @stripe) despite ~7.5x rev and 5.5x EBITDA 👇
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(4/6) The best thing @stripe could do for their IPO is pay UP for $PYPL so as not to destroy their own valuation/multiple. Furthermore, they need the FCF, revs, and EBITDA to justify such a high current valuation 👇
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(5/6) The biggest risk for @stripe is not paying "too much" for $PYPL. The biggest risk is NOT PAYING ENOUGH and having their next raise be a DOWN ROUND - and a mutiny among owners/funds who own it 👇
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(6/6) At $80-$100 per share, it heats up M&A in the sector and primes the pump for them to go public with a growth story at scale and higher multiple than peers. With a bad comp on a low-ball deal, they screw themselves...
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hedgefundtips.com/where-is-money…
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Thornes J· Heyas retweetledi
Indicator of the Day (video): NYSE Plurality Index #MarketIndicator #StockMarket #TechnicalAnalysis #Trading
hedgefundtips.com/?p=5757
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Indicator of the Day (video): Nasdaq Cumulative Volume Ratio 10 #MarketIndicator #Nasdaq #TechnicalAnalysis #Trading
hedgefundtips.com/?p=6451
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Where is money flowing today? $TRVI $SLS $ORKA $MANE $TRV $COAG $FSLY $MBX $PVLA $BHVN $IOVA $RGC $TNGX $SION $BAND $DNTH $ALMS $EROC $GPCR $SYRE $ASTS $WDS $BROS $PTGX $URGN $SSL $NBIS $MAN $LASR $VG $DUOL $EWTX $TALO $EQNR $SFM $CGON $ROAD $ARWR $SIM $RCUS
hedgefundtips.com/where-is-money…
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[Grew up realizing: the best things never rushed—patience doesn’t wait, it grows right with you. ]
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Thornes J· Heyas retweetledi
Nothing hits quite like a warm crispy youtiao dipped in soybean milk on a cold morning. #StreetFoodJoy
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Thornes J· Heyas retweetledi
Went from skipping rope in the community courtyard last year to running a 5K race today—small daily steps add up to big joys!
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Just finished a mind-blowing murder mystery script! The plot twists had my brain running nonstop—nothing beats the thrill of piecing clues together with my friends. 10/10 would play again!
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Thornes J· Heyas retweetledi
Home isn’t a place, it’s the messy chaos of board games, warm cocoa, and my kid’s silly laugh filling every corner ，
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Thornes J· Heyas retweetledi
