Re/Code – 11/6/15: Square announced plans on Friday morning to price its IPO at $11 to $13 a share, meaning an IPO in that range would value the company at much less than the valuation it secured in its last round of private financing. If the company prices at $13, Square would carry a value of about $4.2 billion based on the approximately 323 million shares it says will be outstanding. Square, Jack Dorsey’s payments company, was valued by private investors at about $6 billion in its last round of private financing, according to insiders.
Click here to read more: http://recode.net/2015/11/06/square-takes-an-ipo-bullet-for-all-of-the-overpriced-unicorns

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