Seeking Alpha

Report: Square postpones IPO indefinitely

  • Fox Business reports mobile payments upstart Square has indefinitely postponed its anticipated IPO.
  • Sources tell the TV network Square's revenue run rate is to blame for the delay. One of them says the company's "private-market valuation could not be substantiated by their revenues as a public company."
  • Private share sales have valued Square at $5B. The WSJ reported in November Square was talking to banks about a 2014 offering, and expected 2013 net revenue (excludes payments to credit-card companies) of $110M-$165M.
  • At the time, Square reportedly hoped to grow its gross revenue by over 80% in 2014 to $1B.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs