Square has finally set the price for its much anticipated IPO at $9 per share, according to Wall Street sources.
The company is with the ability to take payments through mobile devices.
The initially established a target price of $11 to $13, with plans to sell up to 31.05 million shares, has been reduced.
That price range was already a drop from valuation of $6 billion, in October 2014, which means that the company has lost over half of its value in just a little over a year.
Square stock is expected to begin trading on the New York Stock Exchange under the symbol SQ on Thursday morning.
Jr.Trader-G.Bozhidarov
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