- 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