Square Secures $243,000,000 New Financing

  • Feed Type
  • Date
    11/18/2015
  • Company Name
    Square
  • Mailing Address
    1455 Market Street San Francisco, CA 94103 USA
  • Company Description
    Square (NYSE: SQ) operates as a mobile payment service company. Accept every way your customers want to pay. Take chip cards, NFC payments, and magstripe cards on the go or at your counter. Square helps more sellers grow their business faster.
  • Website
    http://www.squareup.com
  • Transaction Type
    IPO
  • Transaction Amount
    $243,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The principal purposes of this offering are to obtain additional capital, to create a public market for our Class A common stock, and to facilitate our future access to the public equity markets. We plan to invest the net proceeds in short-term, investment-grade, interest-bearing securities such as money market accounts, certificates of deposit, commercial paper, or guaranteed obligations of the U.S. government. We currently intend to use the net proceeds received by us from this offering primarily for working capital and general corporate purposes. We may also use a portion of the net proceeds from this offering for acquisitions of complementary businesses, technologies, or other assets. We have not entered into any agreements or commitments with respect to any specific acquisitions and have no understandings or agreements with respect to any such acquisition or investment at this time. We cannot specify with certainty the particular uses for the net proceeds from this offering. Accor
  • M&A Terms

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