Payments Startup Square Files IPO Plans

DOUBLE DUTY

Updated Apr. 13, 2017 6:34PM EDT / Published Oct. 14, 2015 10:27PM EDT

Mobile payments startup Square disclosed plans for its initial public offering on Wednesday, revealing the company generated $850 million in net revenue in 2014 and is on pace to exceed $1 billion this year. The San Francisco-based company's net loss also increased in 2014 to $154 million, compared with $104 million the year before. Once the company has its IPO, Jack Dorsey will become the CEO of two public companies, which could be considered a risk factor. The regulatory filing said Square would offer up $275 million in stock, but that figure could change leading up to the IPO.

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Payments Startup Square Files IPO Plans