Stripe is preparing to IPO and go public.

Link copied

10:15 | 10 July 2021

Stripe is preparing to IPO and go public.

Stripe’s top management has enlisted the law firm Cleary Gottlieb Steen & Hamilton to prepare for an IPO. According to Reuters, the startup is not planning a traditional IPO because it does not need the money. The shares will be floated through a direct listing.

The timing of the IPO has not yet been determined. Most likely it will take place next year. By the end of the year, investment banks will be preparing Stripe for the IPO. Consequently, it will be able to enter the stock exchange no earlier than 2022.

Stripe is currently considered Silicon Valley’s most expensive project, especially after a round of fundraising in March of this year, when the company was valued at $95 billion.

For comparison – the company Facebook, before the IPO held in 2012, valued at $ 15 billion, and one of the giants of the stock market, the company SpaceX, valued at 74 billion,

Major investors include mutual fund giant Capital Group Cos., venture capital firm Sequoia Capital, e-commerce company Shopify Inc. and buyout firm Silver Lake.

Right now Silicon Valley is flooded with investors looking for new places to put their money, in part because low interest rates have made some traditional investments unattractive. Interest in Stripe is fueled, in part, by the fact that it has been boosted by the online shopping boom caused by the coronavirus epidemic.

Stripe was founded by the Collison brothers. The companies use a service owned by the startup to accept online payments. It deducts a commission fee from each transaction. Partners of the startup include Amazon, Zoom, Alphabet, Uber, and others.

Follow the information in a format that is convenient for you: Telegram, Facebook, YouTube.

Uncategorized

19:11 | Apr 05, 2024

Toncoin enters top 10 crypto by market capitalization, overtakes Avalanche

Toncoin, The Open Network’s native cryptocurrency token, has once again entered the list of the 10 most significant coins by […]

Uncategorized

16:21 | Mar 04, 2024

Bitcoin Tops $65K as Bullish Bets Climb to Record High

The largest cryptocurrency is now just 5% away from its 2021 high in U.S. dollar terms, having already reached records […]

Hereby "Global Venture Partners s.r.o." notifies that it carries out its activities in accordance with paragraph 1 of article 15, the law on investment companies and investment funds of 19.06.2019. Listed in the ZISIF § 15 para. 1 asset management list managed by the CNB in accordance with § 596 (1) CRR. (F) ZISIF.

IČO: 08241473. LEI: 5493003MKEWYLZ837883...
This information on the site is not an individual investment recommendation, and the financial instruments or transactions mentioned in this material may not correspond to your investment profile, financial situation, investment experience, investment goals. Determining the compliance of a financial instrument or transaction with investment objectives, investment horizon and risk tolerance is the task of the investor
Venture fund Global Venture Partners s.r.o. is not responsible for possible losses of the investor in case of investing in the financial instruments mentioned in this material and does not recommend using the specified information as the only source of information when making an investment decision.
* The Venture Fund does not provide guarantees regarding the reliability and accuracy of the information provided, none of the assumptions contained in this material can be interpreted as a guarantee of investment reliability, income stability and possible benefits associated with management methods or the choice of specific financial instruments. The value of investment products may increase and decrease, the results of investing in the past do not determine future income, the company does not guarantee the profitability of investments in investment funds. All information about the profitability (value gain) of the product managed by Global Venture Partners s.r.o. are quoted excluding commissions and taxes. Charging a commission will reduce the return on investment in investment products. Before purchasing an investment product, you should carefully read the rules of trust management for this product. Services for transactions with foreign securities are available to persons who are qualified investors in accordance with applicable law and are performed in accordance with the restrictions established by applicable law.

Show

Hide