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Using The Jumpstart Our Business Startups Act for The Confidential IPO of Square

According to internal sources, it has come to light that San Francisco’s payments startup, Square Inc., is confidentially filing for its initial public offering (IPO) under the Jumpstart Our Business Startups Act. This act allows companies generating less than $1 billion in annual revenue to file IPOs under the US Securities and Exchange Commission confidentially. Sources also reveal that Square has been working with Morgan Stanley, JPMorgan Chase & Co. and Goldman Sachs ...

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