Square Files Confidential IPO • Hacker News Board

Re: Square Files Confidential IPO

#31

Post by mikeyouse » Sat, Jul 25, 2015, 8:51 PM UTC

adventured wrote: post #18

hooo wrote: post #16

That must mean they had trouble raising more privately!

They 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.

I 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.

Re: Square Files Confidential IPO

#32

Post by brianwawok » Sun, Jul 26, 2015, 2:03 AM UTC

ChuckMcM wrote: post #19

dylanjermiah wrote: post #9

Earlier quoted context omitted.

How so?

Many times, when a bay area company IPOs, a number of people suddenly have a lot of now liquid wealth. (well depending on lock outs in 90 - 180 days) It is not uncommon for those people to want to get off the rent/mortgage treadmill and they will convert their stock into a house because stocks go up and down, but buying a house for cash means you always have a nice place to come home to. And that drives up prices as…

How many people work for square?

Re: Square Files Confidential IPO

#33

Post by ChuckMcM » Sun, Jul 26, 2015, 4:51 AM UTC

brianwawok wrote: post #32

ChuckMcM wrote: post #19

Earlier quoted context omitted.

Many times, when a bay area company IPOs, a number of people suddenly have a lot of now liquid wealth. (well depending on lock outs in 90 - 180 days) It is not uncommon for those people to want to get off the rent/mortgage treadmill and they will convert their stock into a house because stocks go up and down, but buying a house for cash means you always have a nice place to come home to. And that drives up prices as…

How many people work for square?

Here is a different answer, Zillow[1] seems to think there are about 1,200 homes (approximately) are for sale in San Francisco. If 120 people buy homes for cash it takes 10% of the available inventory off the market.

[1] http://www.zillow.com/homes/for_sale/San-Francisco-CA/pmf,pf...