WHEN: TODAY, MONDAY, November 2, 2015
WHERE: CNBC'S "SQUAWK ALLEY"
Following is the unofficial transcript of breaking news from CNBC's Kayla Tausche.
All references must be sourced to CNBC.
KAYLA TAUSCHE: YEAH FOR ALL THE TALK OF A SLOWDOWN OR A STALLING IN THE IPO MARKET, SQUARE IN ONE COMPANY THAT IS GOING TO BRAVE THESE WATERS IN THE NEXT COUPLE OF WEEKS. SOURCES TELL ME THAT THE ROAD SHOW WHERE SQUARE GOES AND MEETS ITS INVESTORS WILL KICK OFF AT THE BEGINNING OF NEXT WEEK MEANING BY THE END OF THIS WEEK YOU WILL GET AN UPDATED FILING WITH THE COMPANY'S PRICE RANGE ITS IMPLIED VALUATION FROM THAT PRICE RANGE AND OF COURSE NOW THE TALK WILL BE CAN SQUARE ACTUALLY ACHIEVE THE VALUATION THAT IT GOT IN ITS LAST PRIVATE ROUND OF FUNDING. IT WAS ROUGHLY IN THE REALM OF $6 BILLION POST MONEY OF COURSE IT HAS BEEN HARD FOR COMPANIES IN THIS MARKET TO ACTUALLY ATTAIN THE SAME VALUATION THAT PRIVATE MARKET INVESTORS HAVE BEEN GIVIING THEM BUT CERTAINLY THEY HAVE A LOT TO TALK ABOUT WITH FIRST DATA HAVING GONE PUBLIC AND AMAZON NOW GETTING OUT OF THE REGISTER BUSINESS WHICH WE WILL TALK ABOUT IN JUST A LITTLE BIT BUT ALSO THIS DUAL ROLE THAT JACK DORSEY WILL HOLD AT THE TOP OF SQUARE AND AT THE TOP OF TWITTER CEO OF BOTH OF THOSE COMPANIES BUT WE HAVE LEARNED FROM SOURCES THAT THE FIRST TRAGE WILL TAKE PLACE THE WEEK BEFORE THANKSGIVING. LOOK FOR IT ROUGHLY THE END OF THAT WEEK. USUALLY WE SEE IPOS WEDSNESDAY, THURSDAY, FRIDAY IN THAT REALM POSSIBLY THURSDAY BEFORE THANKSGIVING FOR THIS IPO BUT UPDATED PRICE RANGE THIS WEEK, ROAD SHOW NEXT WEEK.
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