Wednesday, March 30, 2016

No One Wants to Be ‘the Next Square’ Anymore - Bloomberg

Full circle

"But by November, being the “Square of” anywhere suddenly wasn’t such a hot title. That month, Square sold shares in an IPO that valued the company at about $2.9 billion, less than half its private valuation from a year earlier. In the runup to the IPO, analysts began questioning whether the card-reader maker should really be priced like a high-flying tech company. Its stock price is hovering around $13, right where it was after its first day of trading. Square declined to comment."
No One Wants to Be ‘the Next Square’ Anymore - Bloomberg
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