Kostas Christidis pfp
Kostas Christidis
@kostas
what's a good explanation on why a mature company like Stripe didn't IPO during the '20-21 rush?
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Aram Mughalyan.eth pfp
Aram Mughalyan.eth
@arammughalyan
This would have been a BAD investment for investors.
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Varun Srinivasan pfp
Varun Srinivasan
@v
my guess is that they didnt think the market would tank so fast, and had less urgency around it
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đŸȘ· pfp
đŸȘ·
@pdr
unserious guess: because they knew they couldn’t ipo at >$100B valuation
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Drew Volpe pfp
Drew Volpe
@drew
No benefits to the founders. Private markets valued them higher and it’s much easier than being a public co.
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Nicholas Charriere pfp
Nicholas Charriere
@pushix
An IPO is a loss of control for founders (now you need quaterly narratives & slave to markets). If you can avoid it somehow, you do. Stripe could avoid it because of great secondaries and good money in the bank. I don't think they regret it? Employees might, but as a founder private >>>> if you can.
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Patrick pfp
Patrick
@pc
They can raise the capital they need to continue growth / R&D in the private market without the absurd amount of scrutiny Wall St would demand given their profile. Can’t confirm - but wouldn’t shock me if there were some secondary share sales by early investors -> later investors along the way to realize gain
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MC10 | Bankless Consulting 🎯 pfp
MC10 | Bankless Consulting 🎯
@mc10
Not sure if they ever touched this topic publicly, but are we sure they actually *wanted* to go public? Maybe they prefer to grow the business further more independently before opening it to the markets? Running a private company VS a public one are two very different games and priorities are harder to manage.
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Gambid pfp
Gambid
@gambid
Thought they could IPO at a higher markup a year later
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Tim O’Shea pfp
Tim O’Shea
@timothyoshea
My guess is they are in no rush to go public. It causes new headaches and investors that didn't get their growth plans.
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Surya pfp
Surya
@surya
Bill Ackman 😂
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