Stripe

09/2025. A Forbes contributor argued that Stripe's IPO case had strengthened, citing the Dublin subsidiary's first pre-tax profit in roughly five years ($102m on $5.1bn revenue, FY2024) and suggesting $100bn as a valuation level management might want before listing. Stripe passed that level in 02/2026 at $159bn — but again via a tender offer, not a listing.

In 01/2026, Stripe co-founder and president John Collison told Bloomberg at the World Economic Forum in Davos that the company was "still not in any rush" to go public.

In 02/2026, alongside the $159B tender offer announcement, Collison told CNBC that an IPO "would be a solution in search of a problem" and that going public "isn't one of our top five or ten or twenty priorities," citing Stripe's self-funding, profitable business.

In 02/2025 Stripe confirmed a tender offer where investors biught up shares from those employees at a valuation of $91.5B. Stripe said it will also repurchase shares as part of the transaction.

In 02/2024 Reuters wrote: "Stripe's valuation surged to $65B in a deal that will allow employees to cash out their stock, the payments service provider said, potentially further delaying its much-awaited initial public offering (IPO)."

As of 03/2024 TechCrunch believes Stripe is not pursuing a near-term IPO: Public offerings are fundraising mechanisms, and Stripe is currently kicking off cash.

The Motley Fool in 04/2024: "The company's cash flow is positive, and if it can continue this positive momentum for another couple of years, it could allow for a higher valuation when it finally goes public. With its recent fundraising round from its employee tender offer, the long-awaited Stripe IPO likely won't happen until 2025 at the earliest".

As of 06/2024 Stripe "is in no rush for an initial public offering."

Comment as of 07/2024: "Maybe Stripe has stayed private for longer than the external world anticipated, but it’s not longer than we anticipated,” says cofounder Patrick Collison, who explains that because Stripe is an “infrastructure” company, providing a new technology platform for payments, it takes longer to build than, say, a stand-alone app. “The good news about infrastructure companies is that they can become very large, and the bad news is that it takes decades for the story to play out".

As of 08/2024 Stripe plans to conduct a new tender offer for employees whose stock vesting period has expired. As part of the new tender offer, Stripe intends to buy back up to $50k worth of shares from 8k employees, making the potential volume of the tender offer up to $400M. Stripe plans to buy back employee shares at $27.51 per share (valuation - $70B), which corresponds to the latest 409A valuation. Unlike previous secondary tenders, this time Stripe plans to buy back the shares exclusively using its own funds, without involving external investors.

01/2023. Information about a down round in 2023 came to light on the same day that Stripe was said to have told employees that it had set a 12-month deadline for itself to either go public or pursue a transaction on the private market. Stripe hired JPMorgan, Goldman Sachs to explore liquidity raise.

02/2023 CNBC speculates about Stripe's IPO: "A broader return to IPO listings will likely come in the second half of the year at the earliest, especially for most tech and fintech names, which are still generally out of favor. Instacart’s listing could happen as soon as midyear, according to a banker with knowledge of the situation. With Stripe, however, management may pursue options to remain private for longer, this banker said".

03/2023 Benzinga published rumours about Stripe's IPO.

05/2022 Forbes wrote: "Stripe’s shares remain hard for new investors to obtain and in high demand, with recent transactions implying a valuation of as much as $165B, per New York–based EquityZen, a marketplace for pre-IPO shares".

Other notes

Sequoia Capital completed its $861 million purchase of Stripe shares from Sequoia limited partners. LPs in Sequoia funds raised between 2009 and 2012 had sold shares at $27.51 per share, which was Stripe's most recent 409A valuation and represented a $70 billion valuation.

In 02/2025, Stripe Inc. entered discussions to arrange employee stock sales at an $85 billion valuation, followed by the announcement of a tender offer at a $91.5 billion (€87.3B) valuation, signaling a rebound from its post-Covid slump.