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Square slashes share price ahead of sale

Discussion in 'Market News' started by Lily, Nov 20, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The mobile payment company has failed to impress investors ahead of a share sale that is a crucial test for Silicon Valley’s “unicorns”

    Mobile payment company Square slashed its share price on Wednesday night ahead of a sale that is casting a shadow over the new darlings of the tech sector.

    The small-business-centric digital payments firm, which makes portable credit card scanners that work with smartphones, is run by Twitter co-founder and CEO Jack Dorsey. It is one of a number of so-called “unicorns” - start-up companies valued at billions of dollars that have yet to make a profit.

    Waiting for Square and Match Group to tell us the IPO price: https://t.co/juBg4sA5Os $SQ $MTCH #IPO

    Related: Square's IPO: the beginning of the end of the unicorn-driven tech bubble?

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