San Francisco, CA-based fintech company Square publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock.
The number of shares to be offered and the price range for the offering have not been determined.
Square intends to list its common stock on the New York Stock Exchange under the ticker symbol “SQ”.
Goldman, Sachs & Co., Morgan Stanley, and J.P. Morgan are acting as lead joint book-running managers for the proposed offering while Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, and Stifel are acting as additional book-running managers. LOYAL3 Securities, Inc. is acting as a co-manager.
Founded in 2009, Square provides technology and solutions for merchants of all sizes to run a business, from accepting credit cards and tracking inventory, to real-time analytics and invoicing. The company also offers sellers financial and marketing services, including small business financing and customer engagement tools. Its Square Cash allows users to send and receive money while Caviar provides a food delivery service for restaurants.
Led by Jack Dorsey, CEO, Square also has additional offices in the United States, Canada, Japan, and Australia.
VC investors in the company include Sequoia Capital and Khosla Ventures along with JPMC Strategic Investments.