Square further discounts valuation, prices shares at $9 for IPO

Square further discounts valuation, prices shares at $9 for IPO

Jack Dorsey, chairman of Twitter and CEO of Square, listens to a fellow panelist during a Techonomy Detroit panel discussion held at Wayne State University in Detroit, Michigan September 17, 2013. REUTERS/Rebecca Cook

Mobile payments company Square Inc priced shares at $9 late on Wednesday, according to people familiar with the matter, further discounting the company’s valuation before it begins trading Thursday morning.

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