Square IPO rumoured in Q4
According to reports, payments service Square is looking to go public and float in the fourth quarter of 2015.
As Bloomberg notes, a Square IPO would be tasty: “The decision to go forward indicates that last month’s market volatility hasn’t dampened plans for IPOs. First Data Corp., the payments company with investors led by KKR & Co., intends to seek at least $2.5 billion in what would be the biggest U.S. IPO this year, people with knowledge of the matter said Wednesday.”
One sticking point would seem to be CEO Jack Dorsey. He was one of the founders of Twitter and is now heading up Square but the social media firm needs a CEO too.
Dorsey is the internal front runner for the Twitter top job but it’s controversial that he might head up two companies. Indeed, Twitter are on the record saying that they want a full time leader.
Square has been doing well stateside, taking on PayPal with their payment terminals. An IPO is the next logical step so we’ll watch this space.