By Minda Smiley

Digital payments company Square has filed for an initial public offering.

The announcement comes after co-founder of Twitter Jack Dorsey, Square’s chief executive officer and founder, recently took on the role of Twitter’s permanent CEO and will now lead both companies.

Square said it plans to list its common stock under the ticker symbol ‘SQ’ on the New York Stock Exchange.

According to its S-1 filing, Square’s total net revenue increased 51 per cent to $560.6m during the six months ending in June but posted a $77.6m net loss during that period.

In the filing, Dorsey said: “We’ve built one of the Read full story ›

Source: The Drum