According to the Wall Street Journal, Silicon Valley startup Stripe is approaching the goal of what may be the largest IPO in the near future. The company will decide whether to go public within a year.
Stripe co-founders Patrick and John Collison told employees that executives had set a goal of either taking the company public or allowing employees to sell their shares in private market transactions within the next 12 months, sources said Thursday.
Sources said Stripe has hired Goldman Sachs Group, JPMorgan Chase & Co. to advise it on both options.
Stripe, a digital payment processing service provider, is one of the most valuable startups in the U.S. after raising $600 million (currently about 4.062 billion RMB) in 2021 at a valuation of $95 billion (currently about 643.15 billion RMB).
