Square Plays Safe On Initial IPO Price To Entice Investors

Payments company Square has set its IPO offering to price at $11 to $13 per share. This will raise up to $403.7 million, and value the company at at approximately $4.19 billion. This valuation would be actually be well below its last round of private funding, when its Series E round valued its shares at $15.50, with a $6 billion valuation. But since this is just the initial pricing, the… Read More...