Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and other alternatives.

Payment startup Stripe plans to go public next year, according to a Thursday report by The Information. Despite being valued at $95 billion in 2021 and being one of the most highly-anticipated IPOs of 2023, Stripe co-founder John Collison had previously stated that there were no immediate plans for a public offering. This may now change as the company faces the issue of 10-year stock units awarded to veteran employees that are set to expire at the end of this year.

One option is for stockholders to sell shares on the secondary markets. However, with investor interest in companies over 10 years old declining in 2020, that is perhaps not the best course of action for Stripe, which has remained private for 13 years.

The other solution, is to go public, as it has raised around $2.2 billion since its founding in 2010.

Reuters reported Thursday that Stripe hired Wall Street banks Goldman Sachs (NYSE: GS) and JP Morgan (NYSE: JPM) to evaluate a public listing as well as alternatives that would allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters.

Employees would therefore have the option to sell shares either to private investors or in to a public market.

Separately, the Wall Street Journal said Thursday that Stripe had approached investors about raising at least $2 billion in fresh cash at a valuation of $55 billion to $60 billion, quoting people familiar with the matter.

The company previously raised funds in early 2021 at a valuation of $95 billion.

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