Stripe targets going public next year

Fintech startup Stripe has given itself a 12-month deadline to go public.

Stripe is looking to go public either through a direct listing or through a deal on the private market.

Founded in 2010, the payments giant has a recent valuation of $95 billion.
Yet, Stripe has not been immune to the global downturn.

In November, it laid off 14% of its staff. Stripe has slashed its internal valuation more than once over the past year.

Earlier this month, Stripe cut its internal valuation to $63 billion, after a prior cut to $74 billion six months ago.

Stripe has hired Goldman Sachs and JP Morgan to help with its public listing.

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