Stripe is prepping for a blockbuster IPO: Report

The largest US fintech company last raised cash at a staggering £95bn valuation meaning the firm could heading for one of the biggest tech IPOs in history.

Digital payments provider Stripe has hired a specialist lawyer to assist in its plans for an initial public offering (IPO) or direct listing, according to a report from Reuters.

In just ten years, Stripe has risen to become the most valuable US tech start-up with a valuation at its last fundraising of $95bn after it raised $600m from a host of existing investors including Allianz X, Baillie Gifford, Sequoia Capital and Ireland’s National Treasury Management Agency (NTMA) in March 2021.

The company helps process online payments as well as offering a host of other financial services such as card issuing. It counts customers from large global firms as well as thousands of small businesses.

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Source: Stripe is prepping for a blockbuster IPO: Report – AltFi