Following from our briefing yesterday , Square 's IPO was valued at $ 2.9bn , down by a half , sending shock waves through Silicon Valley , where fears are increasing that the optimistic assumptions about the growth and success of many " unicorns " are unfounded . Square could be the first of a series of " down rounds " , The share price announcement, expected immediately after the closing bell, instead came after 7:30pm, much to the consternation of analysts and media. capital moves that sharply reduce valuations .
Following from our briefing yesterday , Square 's IPO was valued at $ 2.9bn , down by a half , sending shock waves through Silicon Valley , where fears are increasing that the optimistic assumptions about the growth and success of many " unicorns " are unfounded . Square could be the first of a series of " down rounds " , capital moves that sharply reduce valuations .