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Square Valuation Dips $2bn Ahead Of Floating

Mobile payments company Square, headed by Twitter chief executive Jack Dorsey, has seen its value drop by almost $2bn in a year as it updated the market on its upcoming flotation. The company, which will be valued at $4.2bn in its initial public offering, will price its shares at between $11 and $13. Square, founded in 2009, was valued at $6bn after its last funding round a year ago. The firm expects to raise more than $403.7m, and had initially set a fundraising target of $275m when it filed for the offering on October 14.

Read the whole story at The Telegraph »

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