Stripe, a fintech company specializing in payments software for e-commerce businesses, will decide whether it will IPO within the next year.
According to a report, the company’s co-founders aim to either take the company public or allow staff to sell shares they own in the company through a secondary offering.
The tech IPO scene was hit hard in 2022 following a couple of record-breaking years for IPOs during the COVID pandemic. A tough economy with inflationary pressures, high interest rates, and changing consumer habits forced many companies to push their IPOs back or lower their valuations.
Stripe is looking at several options, including a direct listing or private market transaction, and has hired Goldman Sachs and JPMorgan as advisers on the deal.