International · Internet · Technology

Square to go Public

The payment company founded by Twitter CEO Jack Dorsey and Jim McKelvey in 2009 filed for an public offering with the US securities and Exchange commision.The company will use the symbol “SQ” to trade in the much celebrate New york stock exchange , “NYSE”.The company stated that Jack Dorsey will remain the full time CEO of both the companies and would divide his attention equally.

Squares revenues in the recent past has grown to a staggering $298 million between 2013-14 while it losses grew by $50 million in the same period.The company has not yet revealed the initial price range of the stock while it plans to finalize the listing process by end of this year.

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