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Square confidentially files for IPO: Report
Mobile payments company Square has confidentially filed for an initial public offering, according to a Bloomberg report.
The IPO will be led by Goldman Sachs, sources told CNBC.
Founded by Jack Dorsey, who is also Twitter (NYSE: TWTR)'s interim CEO, Square has ventured into new areas including small-business financing and payroll solutions.
The company's new Square Capital business has advanced more than $100 million in capital to independent businesses since launching last year, Square disclosed in May.
As of October, the company has raised more than $500 million in venture capital funding with backing from major investors like Starbucks (NASDAQ: SBUX) and Visa (NYSE: V), according to FactSet data.
Square, which processed more than $30 billion in payments last year, announced a funding round from Victory Park Capital for Square Capital but did not disclose the amount.
Colleen Murray, spokesperson for Square, declined to comment on any IPO plans.
Read the full Bloomberg report here.
-CNBC's Kayla Tausche contributed reporting.
CORRECTiON: Square announced a funding round from Victory Park Capital but did not disclose the amount. An earlier version of this article cited an amount, named by Bloomberg News, which has since been corrected by that news agency.
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