FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices 
OpenAI Finds No Evidence of User Data Breach in TanStack npm Supply-Chain Attack 
Ibiden Stock Surges as AI Chip Demand Boosts Profit Outlook 
Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks 
Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates 
Samsung Strike Talks Resume as South Korea Weighs Emergency Action 
SpaceX IPO Faces Backlash Over Elon Musk’s Control and Governance Structure 
SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of Potential IPO 
GOP Lawmakers Probe Sam Altman and OpenAI Ahead of Potential IPO 
Arteris Stock Surges After Strong Q1 Earnings Beat and Higher 2026 Outlook 
Cisco Restructures for AI Growth After Record Q3 Revenue 
Nvidia CEO Jensen Huang to Join Trump’s China Visit Amid AI Chip Tensions 
US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention 
TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower 
SoftBank Shares Slide Despite Record Q4 Profit Fueled by OpenAI Investment 
Alphabet Raises Record $3.6 Billion in Yen Bonds to Support AI Expansion 
Square Inc., a San Francisco-based payment company founded by Twitter Inc. CEO, Jack Dorsey, has made its initial public offering prospectus public. According to the filing, it will offer around $275 million in stock.
Founded in 2009, it was valued at $6 billion at its last funding round a year ago. According to data from IPO manager Renaissance Capital, it would be among the highest-valued tech companies to make a public offering this year, Reuters reported.
Some noteworthy information about Square Inc. as disclosed in the filing includes:
- For the six months ended June 30, 2015, total net revenue grew to $560.6 million, up 51% for the same period last year. Total net revenue grew to $850.2 million in 2014, up 54% from the prior year.
- Net losses stood at $154.1 million 2014. For the six months ended June 30, 2015, net losses amounted to $77.6 million.
In the filing, the company also said it will also have two classes of shares: Class A common stock (offered to the public in the IPO) and Class B common stock (for executives, employees and other existing shareholders that will have a majority of voting power at the company). Each share of Class A common stock is entitled to one vote. Each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock.
The company’s filing on Wednesday comes within days of Dorsey’s appointment as Twitter’s CEO. As such, he will be dividing his time, attention, and efforts between the two companies. The prospectus noted:
“Jack Dorsey, our co-founder, President, and Chief Executive Officer, also serves as Chief Executive Officer of Twitter. This may at times adversely affect his ability to devote time, attention, and effort to Square.”
