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Square Could Take Hit On Ipo With Jack Dorsey Leading Twitter


Ron Burgundy
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Dorsey, interim CEO of Twitter and CEO of Square, goes for a walk on the first day of the annual Allen and Co. media conference in Sun ValleyBy Heather Somerville SAN FRANCISCO (Reuters) - The much anticipated initial public offering from Silicon Valley payments company Square could take a price hit if its chief executive, Jack Dorsey, takes a second and possibly more demanding job: running Twitter. "Management and management focus are the single most determining factor of the success or lack thereof of a company pursuing an IPO," said Lise Buyer, an IPO consultant with Class V Group in Silicon Valley who also helped guide Google Inc's IPO. The company has filed a confidential public offering and plans an "imminent" public filing, according to a source familiar with the situation, potentially putting it in a position to be a public company by the end-of-year holiday season.




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