Square Inc initial public offering priced at 30% less than last valuation

Square Inc initial public offering priced at 30% less than last valuation

NYSE. Photo: REUTERS/Brendan McDermid

Mobile payments company Square Inc set a price range on Friday for its highly anticipated initial public offering that values the company at up to $4.2 billion, a 30 percent discount to its valuation at its last fundraising round.

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