News for hackers. Stuff that matters.

A comment on Square jumps in market debut.

Re:Square jumps in market debut by yggydrasily on Thursday November 19, 2015 @12:13PM (#10595961)
Yahoo finance says the market cap is only $340M, but all the articles leading up to today said their valuation was going to be $2.5-3B.

Did they really only IPO less than 20% of the total company and keep the rest private?

[ Parent | on HN ]
Re:Square jumps in market debut by joshu on Thursday November 19, 2015 @12:16PM (#10595976)
That isn't how it works. They create some new shares and sell them. The rest of the shares are held by the current owners.
[ Parent | on HN ]