Stripe could be set for initial public offering next year via IrishTimesBiz
Patrick Collison, chief executive and co-founder of Stripe with his brother John Collison, president and co-founder of the payments business Photograph: BloombergIrish founded fintech Stripe could be set for an initial public offering next year, as the company reportedly set a deadline of 12 months to decide on a stock offering or allow staff to sell their shares privately.
The reports, which first appeared in the Wall Street Journal, indicate that the company may be heading for a direct listing rather than a traditional IPO, allowing the market to determine the price of the shares. Stripe did not comment on the claims. However, it is understood that the company is working with Goldman Sachs and JPMorgan Chase & Co to advise it.
The fintech, which recently signed an extended deal with Amazon to process more transactions, is one of the most valuable start-ups in Silicon Valley. Founded in 2010 by Patrick and John Collison, Stripe has built an extensive payments infrastructure for companies and handles billions of dollars in transactions each year. The company was valued at more than $1 billion in 2014, giving it “unicorn” status.
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