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Square Prices Shares At $9 In Long-Awaited Ipo: Sources

Ron Burgundy

By Ron Burgundy,
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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 ValleyBy Heather Somerville and Lauren Hirsch SAN FRANCISCO (Reuters) - Square Inc priced shares at $9 late on Wednesday for its initial public offering, according to people familiar with the matter, about 25 percent less than it had hoped, as the mobile payments company struggled to win over investors skeptical about its business and valuation before trading begins on Thursday. It has evolved into a suite of small-business services, relying on partnerships with companies such as Apple and Visa.




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