What Is the Square Stock Symbol?

Square Inc. is preparing for its initial public offering this week, and the Square stock symbol has been set as "NYSE: SQ."

Square is one of this year's most highly anticipated tech IPOs, and shares will price on Wednesday, Nov. 18.

The company lowers the cost of processing credit cards for 2 million-plus businesses. And since it has only tapped about 15% of its potential U.S. customers and is just beginning to expand abroad, plenty of expansion opportunities exist.

Here are the most important details of the Square IPO, including the Square stock symbol…

The Square Stock Symbol and Other Important Details

• The Square IPO price range has been set at $11 to $13 a share. That price range is sharply lower than the widely discussed range of $22 to $24 many analysts had expected.
• Square stock will hit the market on Thursday, Nov. 19.
• At the midpoint, the company would be valued at $3.875 billion. That's lower than the $6 billion valuation Square commanded during its last round of private equity fundraising in 2014.
• The company is set to hit $1 billion in sales this year if it maintains its pace from the first nine months of 2015. That means its valuation is less than four times revenue.
• At the high end of the Square IPO price range, the company is seeking a premium of about 75% compared with payment-industry peers, according to Wedbush Securities.
• The company will sell 25.7 million Class A common shares. The Start Small Foundation, a charitable fund created by CEO Jack Dorsey, will sell about 1.35 million shares.
• Investors including JPMorgan Chase & Co. (NYSE: JPM) and Rizvi Traverse paid $15.46 a share for Square stock prior to the IPO. They required that the IPO price at $18.56 a share or higher, otherwise they are entitled to receive additional common shares, Square's IPO filing shows. Those firms will also get their money back before any other investors in the event the company is sold.