According to Bloomberg, United States Square mobile payment service providers had been secretly submitted its IPO (initial public offer) applies. Domestic PCB design Internet
Square is the founder and CEO Jack Dorsey, and he is currently the interim CEO of Twitter. Sources and Square collaboration is working with Goldman Sachs, Morgan Stanley and JPMorgan Chase, preparing for the IPO. According to United States current JOBS Bill, also known as the early-stage enterprises Promotion Act, if the company makes less than US $ 1 billion, can apply for a secret listed, and the United States Securities and Exchange Commission privately through the listing application process, companies don't have to disclose documents such as prospectuses.
However, Square company and the investment bankers are not listed on the Square confirmed the news. So, how many shares the company will issue, listing the amount of financing, company valuation is how much is not known.
It is understood that in October 2014, Square had confirmed that a round of venture capital financing with foreign, raised $ 150 million, investment institutions, including Goldman Sachs, GIC, in this round of funding in the company valued at $ 6 billion.
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