Plaid valued at $8B in employee share sale
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Plaid has allowed employees to sell shares at an $8 billion valuation, a 31% increase from its previous $6.1 billion valuation. This move is part of a trend among private companies to provide liquidity to employees, helping them cover taxes on restricted stock units. Despite the increase, Plaid's valuation remains 40% below its peak of $13.4 billion in 2021. Other companies like Stripe and Clay are also engaging in similar share sales to retain talent and manage tax implications.
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