Mar 2, 2022 - Economy

Brex co-CEO: No IPO "anytime soon"

Henrique Dubugras

Brex co-CEO Henrique Dubugras. Photo: David Paul Morris/Bloomberg via Getty Images.

Brex, the corporate credit card startup valued by venture capitalists at more than $12 billion, doesn't plan to go public "anytime soon," co-CEO Henrique Dubugras said Wednesday during an Axios Pro Insights event.

"I think we would only consider [going public] in a good market. We're not anti-going public or anything, but we're still a five year-old company and I think it's very normal for companies to wait until they're eight or nine years old."

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