Square

  • Are IPOs The New Down Rounds?

    Are IPOs The New Down Rounds?

    It’s become a meme in tech circles, “IPOs are the new down round,” venture capitalists quip. The dreaded “down round,” when a startup raises capital beneath its prior valuation, is getting pushed back to the public markets. While most companies grow their value in the stock market, Square, Box  and Hortonworks went public at market caps that were lower than what… Read More

  • Square Investor Says IPO Hoopla Overblown

    Several years ago, the venture firm GGV Capital invested in the Series C round of payment technology company Square, whose shares soared more than 40 percent on their first day of public trading yesterday (and are trading down a few percent today, at $12.78 apiece as of this writing). It’s perhaps unsurprising then that GGV managing director Glenn Solomon thinks the company has… Read More

  • 11 TechCrunch Stories You Don’t Want To Miss This Week

    11 TechCrunch Stories You Don’t Want To Miss This Week

    This week two major tech companies went public, Pandora acquired Rdio and Lyft financials leaked. The Cribs crew visited the visually stunning Minted HQ, and we discussed the rentpocalypse with the CEO of Zumper on Bullish. These are our biggest stories of the week. Read More

  • The IPO Market Fails To Die

    The IPO Market Fails To Die

    Technology IPOs, written off for the year just months ago, are back. And back in style. Both Square and Match Group posted incredibly solid first-day results yesterday. You can’t knock that. All sarcastic tweets aside, the firms priced at a point that allowed each a nice pop. That’s how you build a damn narrative. Read More

  • Square Opens At $11.20, Up 24% On Its IPO Price Of $9, Raising $243M

    Square Opens At $11.20, Up 24% On Its IPO Price Of $9, Raising $243M

    Square made its debut on the New York Stock Exchange this morning with a little pop. Trading as $SQ, the payments company opened at $11.20 per share and continued climbing. Last night the company priced its IPO at $9, an offering that raised $243 million and valued the company at around $2.9 billion. It’s a positive sign for Square after a few blows in the lead-up to today. Last… Read More

  • Square Prices Its IPO At $9

    Square Prices Its IPO At $9

    Square’s somewhat conservative pricing earlier this month just got a lot more conservative. Square today priced its initial public offering at $9, giving the company a valuation of $2.9 billion. The last time the company raised money, it was valued at $6 billion, and earlier this month gave a range of $11 to $13 per share, valuing the company at $4.19 billion. Read More

  • Apple May Launch Venmo Competitor

    Apple May Launch Venmo Competitor

    Apple is in talks with banks to launch a mobile payments service, according to a report from the Wall Street Journal. The product would compete with Venmo, the mobile peer-to-peer service from PayPal. The platform, which could be launched as soon as 2016, would link bank accounts with Apple devices. Users could instantly transfer money from one person’s checking account to… Read More

  • Square’s S-1: Of Ratchets And Unicorn Valuations Crunch Network

    Square’s S-1: Of Ratchets And Unicorn Valuations

    Over the last 18 months, those of us following the venture and startup space have gone on a rollercoaster ride of mega rounds, unicorns, sky-high valuations and bubble fears. Look beyond the hyperbolic headlines and you’ll see that there is more than meets the eye to that shiny new unicorn valuation. Square’s recent IPO registration statement provides an opportunity to peel the… Read More

  • Square Plays Safe On Initial IPO Price To Entice Investors

    Payments company Square has set its IPO offering to price at $11 to $13 per share. This will raise up to $403.7 million, and value the company at approximately $4.19 billion. This valuation would be actually be well below its last round of private funding, when its Series E round valued its shares at $15.50, with a $6 billion valuation. But since this is just the initial pricing, the strategy… Read More

  • Vinod Khosla Steps Off Square’s Board In Advance Of Its IPO

    Vinod Khosla Steps Off Square’s Board In Advance Of Its IPO

    Vinod Khosla has stepped down as a director of the San Francisco-based payments company Square as it prepares to go public. Media outlets Business Insider and Forbes reported on the news earlier today, citing an amended SEC statement. Read More

  • Updated Square Financials Show Q3 Revenue Of $332.2M, $53.9M In Losses

    Updated Square Financials Show Q3 Revenue Of $332.2M, $53.9M In Losses

    Square filed an updated filing with the Securities and Exchange Commission today that showed slowing revenue growth and a widening net loss in the third quarter this year. The company reported a net loss of about $54 million, with Starbucks transaction costs hitting about $41 million in the third quarter. It reported transaction revenue of about $281 million in the third quarter this year, and… Read More

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