Stripe, an American fintech specialist in online payment solutions, has set a twelve-month deadline for itself to go public, either through a direct listing or a private market deal (fundraising or public takeover bid). In any case, it would have been announced to its employees. The information was published Jan. 26 by the Wall Street Journal and will come from an internal source.
Also according to an American daily, the California startup would have approached investors to try and raise new capital – at least $2 billion – at a valuation of $55 billion to $60 billion, down $35 from its last fundraiser ($600 million). ). ) in 2021. At the time, he attracted investors such as Allianz, Axa, Baillie Gifford and the Irish National Treasury Management Agency (NTMA).
Is this the right time?
Founded in 2010, fintech seems mature enough to aim for an IPO, but the question is if the time is right. Mature tech companies were more likely to avoid debuting on the stock market last year anyway due to price volatility.
Moreover, Stripe has been facing obvious difficulties for several months now. Last November, the company laid off 14% of its workforce, or about 1,120 people, saying it “hired too many for the world we now live in.” The company has also already lowered its internal valuation in early January to $63 billion.
According to Forbes magazine, in 2021, Stripe’s gross revenue would be $12 billion and its EBITDA would be profitable. But since then, the company has not released any data. It also did not deny the WSJ’s claims, content to announce on January 27, 2023 that its payment platform had been selected by BMW North America to manage the e-commerce of its US customers and dealers.
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