Mobile payments startup Square will make its stock market debut on Thursday priced lower than expected in a sign that soaring values of tech startups may be coming back down.
Square will offer 27 million shares priced at US$9 when it begins trading as a public company, a banking source told AFP.
The offering values San Francisco-based Square at less than half the US$6 billion valuation it got in its latest round of private funding.
Sales of the shares will raise US$243 million.
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Square will offer 27 million shares priced at US$9 when it begins trading as a public company, a banking source told AFP.
The offering values San Francisco-based Square at less than half the US$6 billion valuation it got in its latest round of private funding.
Sales of the shares will raise US$243 million.
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