The mobile payments startup has held discussions with Goldman Sachs and Morgan Stanley according to The Wall Street Journal. None of these organizations have been hired yet. No spokesperson from the firm has commented yet but internal projections believe the company will make $1 billion in sales for the new year.
Remarkably, the firm is still not profitable which Dorsey has admitted himself. The dongles he sells are very popular with small businesses and there is potential to grow. However, coming on the heels of the Twitter IPO this could be a bit of temporary hype.
Today is the first day of trading for the Twitter IPO on the New York Stock Exchange. Watch the live stream here.Click here to read more