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by paulpauper·10y ago·view on hn ↗
The one for Square is off just 20% from the private round vs. Dec. 31st close. It hasn't really moved that much. Way too soon to assume it's under pressure. Most of the valuations gains were made in the years leading up to the IPO, as companies are going public later and later. That could explain why some of the post-IPO gains seem stunted.