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After much investor anticipation following recent surges in IPO performance, payments giant Stripe is set to capitalize on investor confidence and go public in what may well become a record-breaking initial public offering.
News about Stripe’s imminent listing has stretched all the way back to the summer of 2020, but to date, the company has avoided entering the public market. Speculation mounted following Stripe’s appointment of CFO Dhivya Suryadevara from General Motors, but the payments behemoth instead chose to generate an additional $600 million in equity from institutional investors. The move may have been an inspired one, with the company’s valuation today stretching to $95 billion.
Such a lofty valuation has enabled Stripe to become the most valuable US startup in existence and has helped the company to streak past huge industry players like SpaceX and Instacart. However, perhaps most importantly, Stripe’s valuation may well help the company to deliver the largest