Payment giant Stripe will decide whether to go public within a year

CTOnews.com, January 29 (Xinhua)-- Silicon Valley startup Stripe is moving closer to what may be the biggest IPO in the near future, and the company will decide whether to go public within a year, according to the Wall Street Journal.

Stripe co-founders Patrick and John Collison told employees that executives set a goal of either listing the company or allowing employees to sell shares in private market transactions within the next 12 months, local sources said on Thursday.

Stripe has hired Goldman Sachs and JPMorgan Chase to advise it on the two options, the source said.

CTOnews.com learned that as a digital payment processing service, Stripe raised $600 million (currently about 4.062 billion yuan) at a valuation of $95 billion (currently about 643.15 billion yuan) in 2021, making it one of the most valuable start-ups in the United States.