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Timing's not on its side as Square prepares for IPO

Monday, November 9, 2015 - 05:50
BT_20151109_KVSQUARE9BOM4_1966667.jpg
Founded in 2009 by Mr Dorsey (above) and a small group of friends, Square broke new ground for mom-and-pop stores by offering a compact, square-shaped card reader that works with smartphones and tablets.
BT_20151109_KVSQUARE9BOM4_1966667.jpg
Founded in 2009 by Mr Dorsey and a small group of friends, Square broke new ground for mom-and-pop stores by offering a compact, square-shaped card reader that works with smartphones and tablets.

New York

THE biggest question on Wall Street last Friday was why Square, the upstart mobile payments company, was so determined to go public now.

Square is facing a market that is unenthusiastic about the initial public offerings of tech companies. Those startups that have taken