"The $13-a-share price indicates Square believes itself to be worth $4.2 billion.Attention, fellow unicorns: Square IPO hints at big haircut when going public - The Washington Post
At the $11 lower end of the initial public offering range, Square is worth $3.5 billion.
In August 2014, Square was reportedly seeking financing at a $6 billion valuation for the company, which provides mobile payment systems, according to Bloomberg News.
Square announced last month it was going public – making the leap from private-market unicorn (the term d’art to describe tech companies with private market valuations north of $1 billion) to … well, something else on the public stock exchanges.
Still, $4.2 billion is pretty healthy number."
Monday, November 09, 2015
Attention, fellow unicorns: Square IPO hints at big haircut when going public - The Washington Post
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