29yr old Patrick Collison, CEO and co-founder of Stripe, backed up his stance of being a long way from an IPO by noting that “We are not a capital-intensive business, and we don’t need to go public to raise capital,”.
Stripe, the seven-year-old digital payments firm, is still in “the early stage of its cycle” and is therefore “years away” from going public, co-founder and CEO Patrick Collison said Friday. “We are not a capital-intensive business, and we don’t need to go public to raise capital,” Mr. Collison said, speaking at The Information’s San Francisco Subscriber Summit.
https://www.theinformation.com/stripe-ceo-says-firm-is-years-away-from-ipo
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