Timing's not on its side as Square prepares for IPO
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 the IPO plunge have faced pickier investors who are focused on profit - which Square does not have - rather than revenue growth, which, for Square, is beginning to slow.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think