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 ...

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