Following from our briefing yesterday, Square's IPO was priced at $2.9bn, down by a half, sending shock waves through Silicon Valley, where concerns are increasing that the optimistic assumptions about the growth and profitability of many "unicorns" are unfounded. Lead managers on Square include Goldman Sachs and Morgan Stanley. The company has been valued at $21bn (£15bn).
Following from our briefing yesterday, Square's IPO was priced at $2.9bn, down by a half, sending shock waves through Silicon Valley, where concerns are increasing that the optimistic assumptions about the growth and profitability of many "unicorns" are unfounded. The company has been valued at $21bn (£15bn).