Square Filed for a $275m IPO

Square Inc. filed an S-1 for a $275m IPO this afternoon.  The company named Goldman Sachs, Morgan Stanley, and J.P. Morgan as lead bookrunners.  Square will list on the NYSE under the ticker symbol “SQ.”

Company Description: Square sells point-of-sale and retail management software and hardware. Square also offers payment processing and marketing services, and operates the Square Capital small-business loan marketplace.

Competitive Set: Intuit, Apple, Clover (First Data), Adyen, Shopify, Revel Systems.