Square Looking To Raise $403.7 Million In Its Initial Public Offering
Square Inc. said it is looking to raise up to $403.65 million in its initial public offering, an amending regulatory filing shows. The payments startup registered to sell up to 31.05 million shares at an IPO price between $11 and $13 a share. The company has been approved to list its stock on the New York Stock Exchange, under the ticker symbol "SQ." Square had initially filed to go public on Oct. 14, with Goldman Sachs, Morgan Stanley and J.P. Morgan as the lead underwriters. Chief Executive Jack Dorsey, was also recently named the CEO of Twitter Inc. . His dual roles could hurt the company, Square said in its filing.
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