Initial public offerings (IPOs) are known as a great way for investors to get big returns in a relatively short time. On average, they can bring 40% returns in the first 3 months. Once the initial funding stages are out of the way, IPOs can be a great way for companies to gain exposure to the open market and continue their growth.You might know Stripe if you’ve sold anything online and tried to connect a payment service to your website, or perhaps you’ve used it when buying goods or services online without even realizing. If you’ve wondered, “is Stripe publicly traded?” read on to find out about Stripe stock IPO and all the important information about Stripe IPO 2022.
Stripe History
Stripe is a fintech and software as a service (SaaS) company with headquarters in San Francisco and Dublin, Ireland. The company was founded in Palo Alto, CA, in 2009 by two Irish brothers, John and Patrick Collison.
Stripe offers a suite of online payment processing tools used by millions of businesses worldwide. Stripe offers application programming interfaces (APIs) that allow for simple integrations for merchant checkout on websites and in mobile apps.
The company’s initial approach was very simple yet unique. They gave developers a simple way to integrate a payment gateway into any website or application with just a few lines of code.
In 2011 they raised $2 million from a group of private and corporate investors, including Elon Musk and Peter Thiel. And in 2012 moved from Palo Alto to San Francisco.
In March 2013, Stripe acquired Kickoff, an app for task management and chatting. This became their first of 13 acquisitions made to this day.
In March 2021, Stripe had a funding round that raised $600 million and announced a valuation of $95 billion.
Maybe it was around that time that the Collison brothers started asking themselves, “when is Stripe going public?”
Read on to find out about Stripe IPO date and price and other key info.
Stripe Public Listing Key Data and IPO Date
Stripe IPO Date: 2022
Ticker: N/A
Exchange: Nasdaq
IPO stock price: N/A
Valuation at IPO: $95 billion
Market cap: N/A
CEO: Patrick Collison
Category: Fintech
Listing method: Direct
While no definitive plans have been made public, Stripe IPO appears to be very much on the horizon. In fact, it’s possible it will happen before the end of 2022 since the company hired a law firm to prepare them for the IPO.
Most likely the company will launch its IPO on Nasdaq, which is common for fintech stocks. We are yet to find out the details about Stripe’s future stock symbol and reference stock price nearer to their IPO date.
In September 2021, Bloomberg wrote of rumors that Stripe was deciding between a traditional IPO and a direct listing. In an IPO a company issues new shares to raise capital, and a direct listing means investors can start selling their shares without any new shares being issued. Albeit unconventional, the direct approach was good enough for Stripe partner Spotify.
We’ll see which path one of the highest-valued companies ever to go public will take. An IPO will mean more capital, and direct listing will retain more control.
Recently, many companies launched their IPO by a merger with a special purpose acquisition company (SPAC), which makes the IPO process cheaper and faster. This became an especially popular way of launching new companies in 2020-2021. However, SPACs have their downsides, which could be why many of the SPAC-based IPOs in this time period didn’t do very well.
Collison brothers, who own 28% of the company, have a combined net worth of around $20 billion. It’s good to note that if Stripe does go public, they will retain control because they have a controlling interest in the company.
So What About Investing Now?
Stripe is yet to announce its IPO date, so retail investors will have to wait until the company becomes public.
If that happens this year, this could be a great opportunity to still be an early investor in a company that has been going from strength to strength. They registered $7.4 billion revenue in 2020, and has become much more than an API for payments, but a whole suite of tools for online businesses.
Of course, the private investors will get the most benefit from this launch. One of the largest companies to ever go public may be worth much, much more than $95 billion.
Check back to this page for the Stripe IPO price when it becomes public. Check out our IPO section to look at other scheduled IPOs.
If you want to find companies that match your interests, investment goals and portfolio, try Gainy for some great IPO investment ideas, as well as established blue-chip companies and a variety of other assets.
FAQ
When is the Stripe IPO date?
The Stripe stock IPO date has not been announced yet, but there have been discussions about a possible IPO or direct listing by the Irish-American fintech giant, which could go through in 2022.
Is Stripe a public company?
No, Stripe remains private for now but it seems to be on course for an IPO, maybe even this year. Then they will become a public company whose shares will be traded on the stock exchange, most likely on Nasdaq.
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