Mobile payment company Square on Wednesday night priced its shares below the expected range, reflecting caution from investors in a volatile stock market as it prepares to go public Thursday.
While some analysts say Square is going public too early, others note that with the Paris terror attacks, a volatile stock market and upcoming election season the company might as well bite the bullet.
“It doesn’t necessarily seem like the sun is going to come out tomorrow all of a sudden,” said Rett Wallace, co-founder and CEO of Triton Research. “So if you’re going to go public, suck it up and go.”
