Square (SQ) Likely to Price IPO Below Expectations : Report

According to a report from CNBC that references sources, mobile payments company Square Inc (SQ) is likely to price IPO below expectations. San Francisco-based Square, run by Twitter Inc (TWTR) Chief Executive Jack Dorsey is expected to price shares for its IPO late Wednesday. The expected price range is currently set at $11.00 – $13.00, a PPS that values Square at up to $4.2 billion.

The company plans to sell 25.7 million Class A common shares.

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