Payments giant Stripe has reportedly appointed lawyers to look into a stock market listing.
In Brief:
Reuters reports this as its “first major step toward a stock market debut”.
Stripe currently has a valuation of $95bn since its last raise in March.
Sources have said the listing is “unlikely” to happen this year.
What does this mean?
Stripe has continued to rely on private capital for 11 years, and at its last round successfully raised $600mn. The business has headquarters in both Dublin and San Francisco, so it looks likely it would eventually list in the US.
