Stripe tells employees it will decide on an IPO within the next year
Publishing timestamp: 2023-01-26 12:52:54
Summary
Stripe, a fintech company once valued at $95 billion, will make a decision on its plans to go public within the next year. The company is considering a direct listing or private market transaction and has hired Goldman Sachs and JPMorgan to advise on the deal. The tech IPO market has been frozen since late 2021 due to higher interest rates, recessionary concerns, and plummeting stock market. Stripe recently cut its internal valuation by 28%. CNBC is now accepting nominations for its 2023 Disruptor 50 list.
Sentiment: NEUTRAL
Keywords: goldman sachs group inc, jpmorgan chase & co, technology, business news,