Stripe to decide on going public within 12-months - WSJ

Stripe has set a one-year timetable to decide on whether to go public, The Wall Street Journal reported Thursday.

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

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