Stripe, the fintech company once valued at $95 billion by private market investors, will make a decision on its plans to go public within the next year, CNBC has confirmed.
Co-founders and brothers John and Patrick Collison told employees on Thursday that they will set a goal of taking the company public or letting staffers sell shares through a secondary offering, The Information first reported.
The tech IPO market has been frozen since late 2021 after two record-breaking years during the Covid pandemic.
In July, Stripe cut its internal valuation by 28%, from $95 billion to $74 billion.
Stripe is considering a direct listing or private market transaction and has hired Goldman Sachs and JPMorgan to advise on the deal, CNBC has learned.