Mobile payments company Square is set to make its debut on the stock market, with its $9 shares priced at 25 per cent less than it had hoped. The company said it along with a selling stockholder would offer 27 million shares, raising $243 million (€228 million) in its Wall Street debut. That means the company will raise about $80 million less than it had initially hoped in the stock offering, and the weaker price puts Square’s market capitalisation at $2.9 billion, a far cry from the $6 billion valuation it had earned from private investors....
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