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The fintech startup, one of Silicon Valley’s most valuable startups, is said to have told employees that its co-founders Patrick and John Collison, and other executives, set a goal of making a decision on taking the company public or allowing employees to sell shares in a private-market transaction within the next 12 months.
WSJ sources also said Stripe hired Goldman Sachs and JPMorgan Chase & Co to advise it on the potential options.
The payments processor’s last fundraising valued the company at $95 billion almost two years ago.
Rising interest rates, soaring inflation, and fears of a recession have resulted in many startups shelving their IPO plans. However, the WSJ said its sources told them Stripe wouldn’t conduct a traditional IPO, as it doesn’t need to raise additional capital. It would likely pursue a direct listing.
By Sam Boughedda
