八月份动荡的市场似乎并没有影响Square的首次公开募股计划，但是Square首席执行官Jack Dorsey的命运却尚不明确，Jack Dorsey同时也是社交媒体公司Twitter的临时负责人。
由于Twitter股价猛跌，Jack Dorsey已经被投资者紧密观察了好几个月了。Twitter的首席执行官Dick Costolo六月中旬辞职，联合创始人Dorsey重返Twitter，担任临时首席执行官。
Dorsey在Twitter时也成为了争论点之一，因为他一直处在Square的领导层。如果他决定出任Twitter的首席执行官，那么他就很可能不得不与Twitter之外其他的任职告别，但是Dorsey一直是长期风险资本投资者的最佳人选之一，其他人选还包括风投公司Andreessen Horowitz的Marc Andreessen和Lowercase Capital LLC公司的 Chris Sacca。
San Francisco-based mobile payments company Square Inc. is planning its IPO for the fourth quarter of 2015, Bloombeg reports.
The report cites people familiar with the matter who said Square has been working with Goldman Sachs Group Inc. , Morgan Stanley and JPMorgan Chase & Co. as it structures the offering.
The latest report follows one from Bloomberg in July that said Square had already filed IPO plans confidentially with the U.S. Securities and Exchange Commission. The JOBS Act allows companies with less than $1 billion in revenue to file and set pricing terms privately before being subject to public disclosure of their finances.
An IPO for Square appears not to have been dampened by August’s market volatility. But the fate of its CEO, Jack Dorsey, who also is acting as interim head of social media company Twitter, remains unclear.
Twitter has been under the microscope from investors for months, as its stock has plunged. CEO Dick Costolo stepped down in mid-June and co-founder Dorsey returned to the company as interim CEO.
Costolo, 51, who had helmed Twitter since October 2010, made the decision to step down but has remained on the company's board.
He had faced increasing scrutiny as the microblog social media company continued to post disappointing results. That, coupled with slowing user growth, caused a 65 percent nose dive in Twitter’s share price from its all-time high in December 2013.
Dorsey’s time at Twitter has also been a source of contention, because he continues to helm Square. That outside commitment would likely have to be shed if he decides to stay on as CEO. But Dorsey is the preferred pick for longstanding venture capital investors, including Marc Andreessen of Andreessen Horowitz and Chris Sacca of Lowercase Capital LLC.
“I’m reflexively in favor of founders leading companies whenever possible,” Andreessen told Bloomberg Television.
Bloomberg also cited sources as saying that First Data Corp., the payments company backed by KKR & Co., will launch a $2.5 billion IPO this year as well. That would be the biggest public offering so far this year.
Square is putting in place a plan of succession in case Dorsey leaves, the report said.