Going for broke: A handout picture showing a Square terminal on a worktop. The financial services startup filed for an IPO that was valued at up to US$275mil, according to a form filed with the SEC on Oct 14.
SAN FRANCISCO: By galloping to a life as a publicly traded company, mobile payments star Square is bucking a Silicon Valley trend of startups riding along on outlandish private valuations.
Square is a prominent tech world “Unicorn,” a nickname given to young companies that haven’t gone public but are valued at more than a billion dollars based on cash pumped into them by backers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
