Could Plaid Be 2021's Next Big IPO?
It was a little over a year ago that Visa announced its plans to acquire Plaid for $5.3 billion. Visa saw the fintech's services as complementing its existing product suite. It also liked how widely used Plaid is, and how the company bridges the gap between financial institutions and financial app services.
However, those plans came crashing to a halt in November when the Justice Department sued Visa to block the deal, citing antitrust concerns. Visa and Plaid called off the acquisition in January, citing the time it would take to fight the suit.
And just like that, Plaid found itself back where it was before last year -- on its own, and considering its options.
Source Fool.com
