TRY FOR FREE

Square IPO Prices at $9 a Share, Valuation Drops to $2.9 Billion

Mobile payments processor Square had to sell its stock with significant discount at a price of $9 to complete its initial public offering. The discounted price plummeted the company's valuation to $2.9 billion, an enormous drop from $6 billion two years ago. With an original target of $11 to $13 dollars per share set by Square last week, the deep discount signal ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED