Sorry, Silicon Valley. Stripe isn’t going public anytime soon.
Today, The Information was the first to report that the Silicon Valley payments company told employees it would go public in the next year or find another way for them to cash out of some of their stock.
In an icy-cold IPO market, the news sparked a glimmer of hope that the window for going public might open for a number of companies and their investors who have been sitting on potential lottery tickets for years.