The public may soon be able to buy shares in payments processor Stripe.
The Wall Street Journal reported that Stripe is considering either going public or allowing employees to sell their shares within the next 12 months.
Stripe is more likely to conduct a direct listing than an IPO because it doesn’t need to raise capital but does have employees and other investors who would like to be able to sell their shares, according to the WSJ report, which cited unnamed sources.
Contacted by PYMNTS, a Stripe spokesperson declined to comment on the report.
Stripe has been considered a likely candidate for a direct listing since at least 2021. The company that year was also being bandied about on the rumor circuit as a potential merger target for Bill Ackman’s Pershing Square SPAC. Read more.
Source: Payments Processor Stripe Reportedly Leaning Toward Direct Listing