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Summary
- Reports have emerged that digital payments processor Stripe Inc is looking to go public.
- Stripe was reportedly valued at US$ 95 billion in March this year.
- It is said to be seeking a public debut to expand its operations further.
Amid increasing demand for public debuts this year, reports have emerged that digital payments processor Stripe Inc is looking to go public.
Reuters, on Friday, July 9, reported quoting sources that the Irish-American financial company has hired a law firm to gear up for its public debut.
Stripe, which was reportedly valued at US$ 95 billion in March this year, is said to be seeking a public debut to expand its operations further.
Let’s take a closer look at Stripe’s public listing plans and operations.
Stripe Inc IPO size, IPO date & stock price
Stripe Inc is said to have reached out to Cleary Gottlieb Steen & Hamilton LLP to take up the role of its legal adviser for its listing preparations.
As of now, there have been no reports about the timing of its stock market debut, although some sources believe that it is unlikely to happen this year, as per the Reuters report.
However, there has been some speculations about Stripe considering a direct listing (IPO) instead of the traditional route of an initial public offering (IPO) as it is not in need of money.
Since Stripe has not made any official announcement yet, these plans could be subject to change.
With over 4,000 employees, 14 global offices and millions of users, Stripe builds economic infrastructure for the internet. The private software-as-a-service (SaaS) company processes billions of dollars’ worth of payments for e-commerce websites and mobile applications.
Stripe's clients include big names like Uber (NYSE:UBER, UBER:US), Amazon (NASDAQ:AMZN, AMZN:US) and Zoom Video Communications (NASDAQ:ZM, ZM:US), which could work in the favor of its growth.
Copyright © 2021 Kalkine Media
According to EODHD/Others data, global companies have raised approximately US$ 248 billion in gross proceeds from initial public offerings, as of May 2021.
In 2021 so far, a record number of 1,054 companies is said to have gotten listed on stock markets across the world.
The listings included IPOs and mergers with blank check companies, also known as special-purpose acquisition companies (SPACs).
How to invest in Stripe?
Since there is no time frame as to when Stripe will be going public, investors interested in this firm may have to wait a while.
Those willing to explore the option of investing in pre-IPO shares should take proper actions and do their due research before going forward with a trading account with a brokerage company. When the company goes public, retail investors can book their stock using the trading account.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.
