Square IPO Terms Set: 27m Shares at $11-$13 Per Share

Square Inc. filed an amended registration with the SEC for its IPO today.  The company plans to sell 27m shares and sees an offering price of $11 – $13 per share.  Square will list on the NYSE under the symbol “SQ.”

Triton published a comprehensive Square Dossier on October 27th, 2015, which is being updated to reflect today’s offering details.  The Dossier includes a Triton Company Score, business model analysis, product analysis, bull vs. bear case scenarios, comparative analyses, management and director biographies, a historical valuation assessment, questions for management, and more.

Company Description: Square provides transaction services, software, and hardware that allow merchants to accept card payments. The Company also provides software services that manage back-office operations and also provides cash advances to merchants.

Competitive Set: PayPal, VeriFone, Shopify, Stripe, Adyen, Lightspeed, Clover (First Data)