Square Stumbles Again On Way To IPO
November 18, 2015
“Square is a payments-processing company that wants to be a business applications company with payments processing as a back bone. It may indeed get there, but that’s more aspirational than reality today,” said James Gellert, CEO of Rapid Ratings. “They are logically compared with some pretty big and successful competitors, and it is a very hot space with a lot of competition.” Rapid Ratings, which keeps a rating on public comanies and those about to hold their IPOs, said Square’s “core health is squarely — sorry, no pun intended — in our high-risk zone,” Gellert said.