Stripe IPO: Everything you need to know about Stripe

Описание: Stripe is a San Francisco-based financial services company with a focus on online payments solutions.
The company was started in 2009 by Irish-born programming brothers John and Patrick Collison. The pair sought to improve on the existing payment processing offering for businesses, seeking a solution to the outdated legacy systems of banks and the developer integration shortcomings of PayPal.
Stripe's IPO has been one of the most heavily anticipated listings of the past few years, but with ongoing market volatility the date of its public offering has continuously been pushed back. Now the company has said it is going public officially, and given itself a one-year deadline to decide how and when.
Stripe was valued at as much as $95 billion in a funding round in March 2021.
Stripe makes money mainly through transaction fees, with the company processing hundreds of billions of dollars each year for its clients. Fees are split between payments, covering online transactions, billing, for subscriptions and invoicing, connect, for clients that need to pay third-party sellers, and terminal, for in-person point of sale payments.
The company would raise a further $950 million in 2019 and 2020 alone, with a $600 million round in 2020 coming during coronavirus lockdowns, during which time the company grew further amid a boost in online shopping.

By the latest $600 million raise in 2021, Stripe had built revenues reported to be $1.6 billion for 2020. But it's now estimated to have $12 billion in revenue as of 2021.

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