Square

  • Worst Year For Tech IPOs Since 2009

    Worst Year For Tech IPOs Since 2009

    With just 28 technology companies entering the U.S. public markets, 2015 was the worst year for IPOs since 2009, according to Dealogic. This compares to 62 last year and 48 the year before, with 131 “unicorns” opting to remain private longer. “We haven’t seen so few tech IPOs since the 2008-09 U.S. financial crisis,” notes Kathleen Smith, principal at IPO ETF… Read More

  • A Square Pop, And A Drop

    A Square Pop, And A Drop

    Square’s IPO came in hot, bouncing more than 40 percent in its first day of trading. Priced conservatively, the offering did what all IPOs must do to set a positive narrative: rise. In the ensuing days of trading, Square has slipped. Today, as TechCrunch reported, shares in Square fell for the third consecutive session. A good first day, it seems, does not a good first week make. Read More

  • Square’s New Apple Pay And Chip Card Reader Available To Pre-Order

    Square’s New Apple Pay And Chip Card Reader Available To Pre-Order

    Shortly after going public, Square announced that its new card reader is now available to pre-order on its website for $49. The new reader will ship in early 2016. Read More

  • 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