Square Prices Its I.P.O. at $9

November 19, 2015 1:22 AM

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Square Prices Its I.P.O. at $9

Square, the payments processor, on Wednesday evening priced an initial public offering below its marketed range, a signal that the party for Silicon Valley may be soon coming to an end.

Square, which is based in San Francisco, priced 27 million shares at $9 apiece, after it was unable to attract demand from investors within the $11 to $13 price range that it was seeking.

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