Square Reportedly Files for IPO

Josh WolfordBusiness

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Has payments company Square secretly filed to go public?

That's the word from Bloomberg, which quotes the ubiquitous sources familiar with the matter.

Square was said to be gearing up for this for the past few months, with reports last month indicating the move was imminent. In reality, talks about a Square IPO have been floating around for years.

Square's CEO, Jack Dorsey, was recently made interim CEO of Twitter when its former head Dick Costolo stepped down. Don't expect Dorsey to share duties, however. Twitter's board has made it abundantly clear that the permanent CEO will not be someone who shares their time.

Square, which processed over $30 billion in payments last year, has been branching out as of late. Besides its flagship mobile payments service and its P2P transfer service, Square Cash, the company recently launched its own payroll service.

Image via Jack Dorsey, Twitter

Josh Wolford
Josh Wolford is a writer for WebProNews. He likes beer, Japanese food, and movies that make him feel weird afterward. Mostly beer. Follow him on Twitter: @joshgwolf Instagram: @joshgwolf Google+: Joshua Wolford StumbleUpon: joshgwolf