Square Reportedly Raising $200 Million At $6 Billion Valuation
Square may be looking for a new cash infusion. According to CNBC, the mobile payment startup is said to be in the process of raising about $200 million at a $6 billion valuation. At least some of that capital is reportedly coming from the Government of Singapore Investment Corporation. Square, run by Twitter cofounder Jack Dorsey, was at one point viewed as a likely contender to go public this year, but reportedly put off that plan for the foreseeable future.
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