Stripe Considers Going Public Within 12 Months: Report
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Stripe, a payment processing provider, has reportedly hired advisers from Goldman Sachs Group Inc. and JPMorgan Chase & Co. to consulate it about how the company might go public, The Wall Street Journal reports, citing people close to the matter.

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The report says the company is weighing on direct listing as it doesn't need to raise additional capital. At the same time, Stripe co-founders, Patrick and John Collison, told employees they might be allowed to sell shares in a private-market transaction within the next 12 months if the firm decides not to go public.

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Stripe's last funding round was in 2021 and valued the Dublin-based company at $95 billion. However, The Wall Street Journal has also learned that the firm cut the value of its shares to $25 to weather difficulties on the market in the near-term, meaning the company's valuation might have decreased to $63 billion. Founded in 2014, Stripe raised a total of $2.2 billion in funding over 20 rounds.

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