Stripe hires big banks as it weighs possible listing and private share sale

The move comes after Stripe, led by Limerick brothers John and Patrick Collison told staff late last year that it would cut more than 1,000 jobs as it seeks to rein in costs.

Stripe has hired heavyweight banks JPMorgan Chase and Goldman Sachs as it explores a floating on the stock market and other options for raising liquidity.

The US-Irish company is weighing a direct listing or a private market capital raise. The hope is that either option would happen in the next year so that veteran employees with expiring restricted stock units can cash in.