Square has filed for an IPO (initial public offering), seeking to raise $275 million, with a listing on NYSE under the symbol "SQ" - Square Inc., the mobile-payments company was founded, and is led, by Twitter Inc. (twitter.com) Chief Executive Officer Jack Dorsey. Bloomberg's Reed Stevenson reports on "Bloomberg Markets," October 15, 2015.
Last week Square filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not been determined. Square intends to list its common stock on the New York Stock Exchange under the ticker symbol “SQ.” Goldman, Sachs & Co., Morgan Stanley, and J.P. Morgan are acting as lead joint book-running managers for the proposed offering. Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, and Stifel are acting as additional book-running managers for the proposed offering, and LOYAL3 Securities, Inc. is acting as a co-manager. The offering will be made only by means of a prospectus. (Source: Squareup.com; link and emphasis added)
Domain names of mobile payment providers referenced in the video above:
- squareup.com (note: square.com redirects to squareup.com)