Square, Mobile-Payments Company Led by Twitter CEO, Files for IPO
Square, the mobile-payments company founded and led by Twitter CEO Jack Dorsey, filed for an initial public offering.
Square filed with an initial offering size of $275 million, a placeholder amount used to calculate fees that will probably change.
Mr. Dorsey, who is also Square’s CEO, is proceeding with a public offering after being named Twitter’s chief executive Oct. 5. That means he’ll have to juggle the roadshow for Square while the social media company is undergoing a reorganization and refocusing of its main microblogging tool.
