We talked about IPOs a few weeks ago in my FIN101 class. I cited several examples that illustrate purchasing at the opening (and even the IPO) price tends to be a losing proposition for at least the first year or so. It looks like Square is heading in the same direction. As one student eloquently put it “wait until the hype passes” if you really believe a company has a good business.

-Dr. Moore

http://www.usatoday.com/story/tech/2015/11/06/square-sets-ipo-price/75284228/