3 ms·
Why didn't Stripe SPAC or IPO during the boom? I imagine they could've went for 10-20x their current value like most IPOs during that time... IIUC - Stripe ac
by onlyrealcuzzo 4y ago
Why didn't Stripe SPAC or IPO during the boom?
I imagine they could've went for 10-20x their current value like most IPOs during that time...
IIUC - Stripe actually has good financials.
As a comparison - Twitter had ~7500 employees. Stripe had ~8000.
So I wouldn't be surprised if they have room to cut ~14%. Though, I'm interested why now.
Are they planning to IPO soon or something? It just doesn't seem like a good time for that...
- rvz 4y agoVery good question. As I said before, the time to IPO was in 2019 [0] and Stripe should have hastened and IPO'ed then and now it had it's valuation slashed [1] and instead had to postpone and wait, just like the rest of the other startups who were too late. [2] So, not really a surprise that this happened to Stripe. [0] https://news.ycombinator.com/item?id=20993919 https://news.ycombinator.com/item?id=20993919 [1] https://news.ycombinator.com/item?id=32566652 https://news.ycombinator.com/item?id=32566652 [2] https://news.ycombinator.com/item?id=31062227 https://news.ycombinator.com/item?id=31062227