Square (SQ) Notes Raw Deal with Starbucks (SBUX) in IPO Filing
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October 14, 2015 4:33 PM EDT
By Heather Somerville
SAN FRANCISCO (Reuters) - Mobile payments company Square Inc filed for its long-expected initial public offering on Wednesday in a test of Chief Executive Officer Jack Dorsey's ability to take the company public as he grapples with a turnaround at Twitter Inc.
Square's filing on Wednesday comes little more than a week after Twitter appointed Dorsey to head the microblogging site. To address concerns about Dorsey's two jobs, Twitter also on Wednesday named Google Inc executive Omid Kordestani as its executive chairman.
The filing also gave potential investors their first peek at Square's... More
October 14, 2015 4:23 PM EDT
Twitter (NYSE: TWTR) shares are modestly lower following news that Sqaure will look to go public.
After markets... More
October 14, 2015 4:12 PM EDT
(Updated - October 14, 2015 4:14 PM EDT)
Square (NYSE: SQ) filed a registration with the U.S. SEC for an IPO of its Common Stock. The proposed maximum offering price is $275 million. The company plans to list on the NYSE under the symbol, "SQ."
Underwriters are Goldman, Sachs & Co., Morgan Stanley, J.P. Morgan, Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, and Stifel.
Financial... More
