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That must mean they had trouble raising more privately!
by hooo 11y ago
That must mean they had trouble raising more privately!
- adventured 11y agoThey may also be hoping to ride PayPal's rich valuation. With investors awarding such extreme valuations to Facebook, Netflix, Amazon, Twitter, PayPal, LinkedIn - Square might just think they can land a $10+ billion public value.
- mikeyouse 11y agoI like the conspiracy theory that Square filed to IPO in hopes of forcing a quick acquisition by Google / Apple / Amazon / Paypal so that Jack could go take over the CEO position at Twitter. Clearly unlikely but the intrigue is fun.
- caseysoftware 11y agoNot necessarily. They could be ready and this is the next logical step. Earlier investors could be pushing for liquidity. Maybe some of the early people - especially founders - want to move on and do the next thing. On the last point, non-trivial share holders are generally locked up from selling for 3-6 months after the IPO to reduce the likelihood of a "pump & dump" scheme.