July 29, 2021

iNews Network

News That Delivers!

Reuters ahead with Stripe IPO news

Technology

Reuters was first to report that digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations. The 11-year-old company, which was valued by investors at $95 billion in a fundraising round in March, has sat out this year’s red-hot market for initial public offerings (IPOs), using private tender offers to allow some of its existing investors and employees to cash out their holdings.  

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: EquitiesTechnology

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story