5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

Square Boosts Expected IPO Value by 47 Pct in Rocky Market

By The Associated Press | November 6, 2015

NEW YORK (AP) — Square, the six-year-old company known for its white, cube-shaped card readers that plug into smartphones, is boosting its planned initial public offering value by 47 percent in what has become a very dicey market for new companies trying to raise cash.

The San Francisco financial-services startup was founded and is led by Jack Dorsey, who co-founded Twitter and recently returned to lead that company again. Dorsey, 38, who owns 24.4 percent of Square, did not give up the CEO job at Square when he returned to his former company.

Square Inc. plans to offer just over 31 million shares at a maximum of $13 apiece for total value of up to $403.7 million. That includes about 4 million shares set aside for underwriters. The company had previously filed regulatory papers for an IPO valued at up to $275 million.

Shares will trade under the symbol SQ on the New York Stock Exchange.

A number of companies have recently canceled IPOs, or scaled back their expectations, fearing malaise in U.S. markets.

Square helps small businesses process credit card payments and tablet computers, turning them into electronic sales terminals.

Since its founding, Square has added new operations like financing for small businesses and a payment service known as Square Cash that lets individuals and businesses transfer funds to each other. It also operates Caviar, a food delivery service for restaurants. The company plans to use net proceeds from the IPO of about $284.6 million for general corporate purposes, but said it is also looking at potential acquisitions to expand further.

The company had $850 million in revenue last year. Revenue for the first half of this year was $560.6 million, an increase of 51 percent over the same period last year. But, the company had a net loss of $154.1 million in 2014, and a loss of $77.6 million for the first half of 2015 and has warned that may continue to generate losses as it invests to expand.

Overall, it’s piled up an accumulated deficit of almost a half billion dollars since its inception.


Filed Under: Apps

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

12 nm silicon IP integrates multi-standard connectivity
series-parallel RC RL calculator
Online RF calculators help engineers
Ethernet analyzer decodes wireless protocols in wireline networks
EDA software adds support for tower semiconductor SiGe

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World