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.

 

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.

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