Attention, fellow unicorns: Square IPO hints at big haircut when going public - The Washington Post

Unicorn math

"The $13-a-share price indicates Square believes itself to be worth $4.2 billion.

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."

Attention, fellow unicorns: Square IPO hints at big haircut when going public - The Washington Post