Earnings: Tesla, Southwest

Stripe plans to go public or make a deal that would allow its employees to sell their shares in a private-market transaction within the next year.

The company has scheduled an all-hands meeting for Friday to discuss the options and has hired Goldman Sachs and JPMorgan to advise it on both options.


According to sources, the move is because some of Stripe’s early employees hold RSUs that are set to expire soon, meaning they could lose a large part of their compensation if the company doesn’t act.
Stripe was last valued at $95B in March 2021 following a Series H $600M funding round.
The company cut its valuation by a third as the tech market took a turn last year, implying a $63B valuation.
In November, Stripe laid off 14% of its workforce, or about 1,120 people, saying it overhired during the pandemic-driven surge in e-commerce.
According to Crunchbase, the 13-year-old payments company has raised about $2.2B; investors include Sequoia, Founders Fund, Andreessen Horowitz, and General Catalyst.
Stripe is expected to raise new capital privately versus pushing for an IPO.