Square to file for IPO in next few weeks: report

Square Inc., the payments startup co-founded by Twitter Inc.’s Jack Dorsey, plans to file for an initial public offering sometime in the next few weeks, according to Fortune on Friday. Square submitted a confidential filing to the Securities and Exchange Commission this summer and plans to have Goldman Sachs, Morgan Stanley and J.P Morgan Chase as underwriters, according to sources close to the situation. The company’s last round of private funding valued Square at $6 billion, Fortune reported. Dorsey, who serves as Twitter’s interim chief executive, is also CEO of Square.

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