- Square (NYSE:SQ) is due to price its NYSE IPO later today in an offering that's being closely watched for what it means for the potential listings of other "unicorn" tech companies - those worth over $1B - such as Airbnb (AIRB) and Dropbox.
- Amid a difficult market for tech IPOs this year, Square set its price range at $11-13 a share, valuing the company at up to $4.2B, or 30% below its worth in a private fundraising round a year ago. Trading in the firm's shares is scheduled to start on Thursday.
- With some nice timing, the WSJ reports that the SEC is looking into whether mutual funds accurately value their holdings in privately held tech startups.