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.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!