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Square IPO: How Venture Capitalists Made Money Buying $9 Shares For $15.46 - And Who Lost Out Square IPO has been fascinating to follow. Here is a tech company which was valued at $11.01 / share in 2012 and at $15.46 / share in 2014. Yet it went public at $9 / share and the investors in the previous round still made money. How does that work?
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