Friday, December 8, 2023

Stripe is going public

By DAC000 , in fintech bubble stripe , at January 30, 2023 Tags: ,

sometime over the twelve months, according to Techcrunch. About a one minute read.

Comment: note the driving force behind this decision seems to be Venture Capital (VC). Note they don’t list a single compelling reason for an IPO, other than they’re trying to “exit”. Translated from VC speak, they are being forced because the original providers of capital wanna get paid. Just owning a private company doesn’t pay as well (if at all, really) compared to an IPO. But, with the collapse of the Fintech bubble, it seems they have chosen a bad time for this.