SQUARE FILES FOR IPO
( Bill Pugliano/Getty Images)
Square has filed for its initial public offering.
According to Square's S-1 filing, the company generated $850 million in net revenue in 2014. Its net losses for the same year were $154 million.
Through the first six months of 2015, the company's net revenues are $560.6 million, which is up 51% from the same period in 2014. Through the first six months of 2015, its net losses are $77 million, roughly in line with what it did over the same period a year ago.
You can see the full table with detailed net losses and revenue figures below (click to enlarge):
(SEC)
Here are the company's shareholders and how much they own of the company (click to enlarge):
(SEC)
Now, Dorsey is the full-time CEO of Square and Twitter. When Square has its IPO, he'll be the CEO of two public companies.
This could be a risk factor, the company says.
"Jack Dorsey, our co-founder, President, and Chief Executive Officer, also serves as Chief Executive Officer of Twitter. This may at times adversely affect his ability to devote time, attention, and effort to Square," according to its S-1 filing.
In total, the company has raised more than $590 million in venture-capital funding. Its private-market valuation, according to The Wall Street Journal, is $6 billion.
Square intends to apply to list its common stock on the New York Stock Exchange under the symbol "SQ."
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