Square IPO Coming in Q4

Square, the merchant services aggregator and mobile payment company, is reportedly planning to IPO in the fourth quarter of this year.  Speculation has swirled in recent months that the company filed confidentially for an IPO, but Jack Dorsey’s involvement with Twitter has complicated matters.  Bloomberg is now reporting that Square will press ahead with its IPO plans and Dorsey will remain the company’s CEO.

Square was last valued at $6bn in October 2014.  Investors in the company include Government of Singapore Investment Corporation, Citi Ventures, Starbucks, Sequoia Capital and Richard Branson.

Square is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 109 companies organized by investment theme.