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Square Eyes IPO for 2014

Time - 7 Nov 2013 00:57
Square Eyes IPO for 2014 The credit-card payment startup Square is in discussions with banks, including Goldman Sachs and Morgan Stanley, about a 2014 IPO. Founded by Jack Dorsey, who also co-founded Twitter, Square is growing nearly as fast as its micro-blogging older sibling, with sales nearing $1 billion in 2014, the Wall Street Journal reports. Sales this year will be about $550 million, with net revenue between $110 million and $165 million. Square does not currently turn a profit, but Dorsey — who could make $58...
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