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Payment start-up Square explores IPO: WSJ

07
Nov
2013

(Reuters) – Square Inc, the payment start-up co-founded and headed by Twitter Incs Jack Dorsey, is in discussions with banks about an initial public offering, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter. Square has held discussions with banks, including Goldman Sachs Group Inc and Morgan Stanley, about an IPO in 2014, the financial daily reported on its website. Representatives of Square, Goldman Sachs and Morgan Stanley did not immediately respond to requests for comment. Founded in 2009 by Twitter co-founder Dorsey, Square makes a credit card reader that slots into smartphones such as those made by Apple Inc. Twitter itself is set to go public this week.

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