10 THINGS YOU SHOULD KNOW ABOUT THE SQUARE IPO

Source: Business Insider
  1. 1.
    Square has raised more than $590 million in venture-capital funding.
  2. 2.
    Its private-market valuation, according to The Wall Street Journal, is $6 billion.
  3. 3.
    Square's ticker symbol on the NYSE will be "SQ".
  4. 4.
    Jack Dorsey is the full-time CEO of Square and Twitter. The S1 Filing states this as a risk factor for the company.
  5. 5.
    Jack Dorsey owns 24.4% of the company, or 71,124,082 shares.
  6. 6.
    Square generated $850 million in net revenue in 2014.
  7. 7.
    Square's net losses for 2014 were $154 million.
  8. 8.
    For the first six months of 2015, Square's net revenues are $560.6 million, which is up 51% from the same period in 2014.
  9. 9.
    In Square's S1 Filing, they disclosed that in 2015, a single seller cost the company approximately $5.7 million due to fraud.
  10. 10.
    On that note, Square also noted that: "The highly automated nature of, and liquidity offered by, our payments services make us a target for illegal or improper uses, including fraudulent or illegal sales of goods or services, money laundering, and terrorist financing..."