Hip to be Square? Not for this IPO
By Heather Somerville and Lauren Hirsch SAN FRANCISCO (Reuters) - Square Inc priced shares at $9 for its initial public offering, about 25 percent less than it had hoped, as it struggled to win over investors skeptical about its business and valuation before trading begins on Thursday. The mobile payments company said it along with a selling stockholder would offer 27 million shares, raising $243 million in its Wall Street debut, about $80 million less than expected. The steeper discount to $9 -
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