2020 was a disastrous year for many businesses due to the pandemic, and yet it was a year of opportunities for Stripe, an online payment service provider. According to Inc.com Stripe is among the top 12 most influential startups over the last decade; this is why many are waiting for its IPO.
Stripe was founded in 2010 by two brothers, John and Patrick Collison. Today, it caters to thousands of customers around the world, both small startups and giants, which include Lyft, Target,Zoom, Just Eat, NBC Media Group, and Salesforce.
Stripe’s Pre-IPO Financial Performance
In September 2019, the latest investment round brought the company $600M. In a single year, Stripe’s value almost doubled, as in April 2010 it was worth $36B. Overall, based on the results of all investment rounds, the company managed to raise $2B.
Meanwhile, the Collinson brothers’ fortune is around $4.30B, they being among the top 10 youngest billionaires, as reported by Forbes USA.
According to some experts, after the IPO, the company may get worth anything from $45B to $100B. Despite the already far-reaching goal, the company still has some room for growth. Thus, in 2020, Stripe acquired Paystack, a Nigeria based payment service provider, the acquisition deal being worth $200M.
Stripe IPO Date
Stripe official IPO date has not been officially announced yet. There have been rumors on the company getting ready for an IPO since 2019, although the Collinson brothers do not confirm them. However, given the successful last year, many expect the IPO to get launched in 2021.
Stripe IPO Outlook and Target Market
Stripe is one of those firms that benefited from the pandemic and the lockdown, as many more businesses switched to ecommerce in 2020. According to what the Collinsons say, companies that joined Stripe in March 2020 earned a total of $1B in just six weeks.
The target market for Stripe is quite large, too, as only 10% of commerce was based online two years ago, Forbes reports. Meanwhile, the Collinsons affirm that, with COVID-19, both businesses and shoppers are switching to the digital environment in a very short term. With a convenient, easy to use, and affordable service, such as Stripe, this migration can be a piece of cake.
Stripe does have competition, and this only proves its yield potential, as Square, PayPal, and Ayden rallied last year by200% or 300%.
How to Trade Stripe IPO
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