Square [mobile payments company] will file for IPO in the next two or so weeks. Going public accoring to analysts would prove to be costly for the company because they'd have to compete against large credit card companies and other payment processors. Maybe the fear of competition might make them put the IPO on hold. Anyone looking forward to the IPO? http://www.reuters.com/article/2015/09/25/us-square-ipo-idUSKCN0RP29Z20150925 Square, which has pioneered the use of instant payments over smartphones, is one of the most richly valued companies in Silicon Valley, worth an estimated $6 billion based on its most recent round of funding. Earlier Friday, Fortune reported that Square would file for an IPO in the next two weeks. A spokesman for Square declined comment.
Doesn't say much on what they are planning to use the IPO capital for. This is either going to be great because they can take that IPO money and invest in making the company really competitive, or it's just a way to make a handful of initial stockholders rich. Time will tell which one is the truth.
And the elephant in the room: what will @jack Dorsey do? Will he be President of Square? Or Twitter? Or both? $TWTR shareholders want to know; the company needs a CEO to get the ball rolling. Giddyup.
Twitter wants a CEO who'll make a full commitment to the company so should Dorsey decide to stay at Square, Twitter won't have him. He's got to make some tough decisions pretty soon and to be honest I don't know how [whatever he chooses to do] will affect either of the two companies. Rumors have it that he won't leave Square.
Update: http://www.reuters.com/article/2015/11/06/squareinc-ipo-idUSL3N1314H520151106 Others think Square though "discounts" have been offered it still is overvalued. Tread with caution if you intend to buy Square stock because the company is still losing money. http://www.pymnts.com/news/2015/squares-back-to-losing-money-in-q3/ It looks like Square slipped into the red last quarter . . . the bad news comes at an inopportune time for Square. The firm is heading toward an IPO, and its CEO, Jack Dorsey, is being intensely scrutinized for his dual CEO roles at both Square and Twitter.
I've used credit card processing from banks and it's the biggest scam ever created. I hope they're able to compete so we can get some fair competition. The banks lie to you and then screw you with their 188 page small print. And then come up with crazy fees out of nowhere that you have to fight.
