Payment giant Stripe may abandon its IPO and go public directly

2023-01-31 07:29:45

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ChainCatcher news, according to The Wall Street Journal, internet payment processing company Stripe is considering going public and has set a one-year deadline to make a decision. The company has hired Goldman Sachs and JPMorgan to advise on the possibility and timing of an initial public offering (IPO). According to sources, Stripe's leadership is either going for an IPO or allowing employees to privately sell their shares.

It is reported that in 2015, Stripe announced it would accept Bitcoin as a payment method, but stopped accepting Bitcoin in 2018. Then, during the growth period in 2021, it returned to the cryptocurrency market and focused more on blockchain-based payments. In 2022, Stripe revealed its support for cryptocurrency and unique token payments using traditional currencies.

Previous report, on January 12, Stripe's internal valuation was again lowered, now reduced to $63 billion. This follows a valuation of $95 billion after completing a $600 million financing round in 2021. (The Wall Street Journal)

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