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Square Inc Expects Ipo To Raise Over $400 Million


Ron Burgundy
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Dorsey, interim CEO of Twitter and CEO of Square, goes for a walk on the first day of the annual Allen and Co. media conference in Sun Valley(Reuters) - Mobile payments company Square Inc, headed by Twitter Inc Chief Executive Jack Dorsey, said it expects its initial public offering to price at between $11 and $13 per share, raising up to $403.7 million. The company had initially set a fundraising target of $275 million when it filed for the offering on Oct. 14. Square said in a regulatory filing it would sell 25.7 million Class A common shares, while selling stockholder Start Small Foundation would sell about 1.35 million. ...




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