This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Tech IPOs to Watch for in 2013

Stocks in this article: FB AAPL


Square is a hotly anticipated offering that could come in 2013. Square allows anyone to accept credit cards anywhere at anytime for a fee of 2.75% per swipe. Its simplicity is striking and makes it very appealing to small business. All a company has to do to process a credit card transaction is plug the little square shaped device into a tablet or phone and then swipe the customer's credit card through the square. The customer can sign on the line on the device and then a receipt is sent by email.

The payment processor was founded in 2009 and has grown to 300 employees and has passed the $6 billion run rate on transactions. Square has over a million customers. The company hired a former Goldman Sachs (GS) banker as its CFO last year sparking speculation of an upcoming offering.

The company's last round of funding was in September when it received $200 million from a combination of Starbucks (SBUX), Citi Ventures and Rizvi Traverse management. The company is valued at $3.25 billion. The investors include a who's who roster of Esther Dyson, Marissa Mayer, Richard Branson and MC Hammer. As a comparison, Square has raised $341 million vs. PayPal's $203 million. PayPal, a subsidiary of eBay (EBAY), has tried to create a competing product, but the adoption has not been as fast as Square.

Why 2013? It doesn't need the money, but it does want to grow. Square is making acquisitions and that costs money. In 2011 Square said it was looking to double or triple its engineering and design teams. Instead it bought New York design firm 80/20 and in turn created a New York office. Bringing it much closer to the banking community. Visa (V) is currently a partner, but if square wants to disrupt the payment-processing game, it will need big money to compete.

5 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs