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CNBC: Square could price IPO below range

Nov. 18, 2015 3:14 PM ETBlock, Inc. (SQ) StockSQBy: Eric Jhonsa, SA News Editor1 Comment
  • CNBC reports Square (NYSE:SQ) could price its 25.65M-share IPO below an $11-$13 range this evening.
  • As it is, the low end of Square's range spells a valuation of $3.66B, well below the $6B valuation Square received in a 2014 funding round. Concerns about Square's heavy losses have weighed, and public investors have increasingly been less generous in the valuations they grant high-growth/loss-producing tech companies than late-stage private investors.
  • Prior Square coverage

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