Some people think Stripe will go public via spac, but I think chances close to zero. Just think about what a spac is for and think about the size of Stripe. This is likely a $100B company. No incentive at all for spac. This company goes public on their own when they want.
The other thing about Stripe is the founders are some of the most long-term founders around. They are obsessively long-term thinkers. This, they are not anxious to go public and put their company under pressure of quarterly performance expectations.
When they go public, they will do so on their own terms. They do not need a spac. Stripe is like the last company that would go public via a spac. Just my opinion and two cents.
Btw I have no position in $PSTH
Also if Stripe is going public via $PSTH spac then why are they in talks to raise funds in another round? Doesn’t make any sense.
bloomberg.com/news/articles/…
bloomberg.com/news/articles/…
Also Stripe has the highest demand in the secondary markets of any private company. Stripe can raise $5-10B in a matter of days if they want to. They absolutely DON’T NEED to go public or go public via a spac to raise money.
Further, Stripe founders very unlikely to bow to pressure of early investors wanting to cash out. They are in position of strength. Also, early investors can cash out via secondary markets if they want.
All that said, this is just my personal opinion at this time and purely speculation.
My thoughts can and will change over time with more info.
My thoughts can and will change over time with more info.
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