Jan 26, 2023, 10:34am PST
Online payment firm Stripe Inc. is moving toward an IPO within the next 12 months and has hired on major bankers as advisers, Stripe co-founders Patrick and John Collison announced to employees that the company will either go public or allow employees to sell their shares privately within the next year, sources familiar with the matter told the WSJ.Stripe is valued internally at $63 billion, a figure that has been cut multiple times over the past year, though it still remains one of the Bay Area's most valuable unicorns.
Formerly headquartered in San Francisco, the fintech relocated to Oyster Point in South San Francisco in 2021.
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