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Square, Inc. IPO

9-817-054
Résumé
In November 2015, Square, Inc. launched its initial public offering (IPO). The IPO had an offering price of $9 per share, lower than the $11 to $13 estimate that had been outlined in the preliminary prospectus and 42% below the $15.50 share price in its most recent financing less than a year before. The lower than anticipated pricing of Square's IPO, and the implied valuation, had left investors and market observers wondering if this was an indication of a valuation bubble, or a shift in the market. The case provides an overview of the IPO process, and examines U.S. IPO trends from the 1980s to mid-2010s. It explores the rationales behind an increasing number of $billion + private valuations, known as 'unicorns', and explores who the winners and losers are when such firms go public at lower valuations.
Mots-clés
Direct public offering;IPO;Finance;Venture capital;Stocks;Capital markets;Equity financing
Public
Case
Secteur d'activité
Geographic Setting: United States
Industry Setting: Venture capital;Finance & insurance
Number of Employees: Large
Livraison par lien de téléchargement
26
Non

Adhérents : 5,10 € HT / Non adhérent : 5,50 € HT
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