BizSugar.com › Finance › Square IPO Announced, Reports $561 Million in Half-Year Revenue 

Square, the online payment processor created by Twitter co-founder Jack Dorsey, has filed for its Initial Public Offering.
The company also revealed its financial numbers in its recent S1 filing.
For the first half of this year, revenue was $560.6 million, on top of a $77.6 million loss. Revenue for 2014 was $850.2 million, up from 2013’s $552.4 million, while losses reached $154.1 million last year, over the previous year’s $104.5 million.
Dorsey, who was named CEO of Twitter last week, wrote in the filing: “As a public company our decisions will continue to reflect what we’ve done as a private one — we put our customers first. That means constantly asking the question: How can the financial system better serve people?”