Square Files for IPO as CEO Dorsey Juggles Twitter Revamp

Transactions business processed $23.8 billion in 2014
Company expanding into areas including cash advances, payroll

Square Inc.'s mobile-payment technology.
Photographer: Jin Lee/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Alex Barinka and Spencer Soper

October 14, 2015 at 8:28 PM UTC

Updated on

October 14, 2015 at 11:23 PM UTC

This article is for subscribers only.

Square Inc., the mobile-payments company founded and led by Twitter Inc. Chief Executive Officer Jack Dorsey, filed for an initial public offering as competition in the transactions business heats up from technology heavyweight Apple Inc. and stand-alone PayPal Holdings Inc.

Square filed with an initial size of $275 million, a placeholder amount used to calculate fees that will probably change.