Square IPO priced at 30 percent discount to last private funding

By Heather Somerville SAN FRANCISCO (Reuters) – Mobile payments company Square Inc set a price range on Friday for its highly anticipated initial public offering that values the company at up to $4.2 billion, a 30 percent discount to its valuation at its last fundraising round. San Francisco-based Square, which is headed by Twitter Inc Chief Executive Jack Dorsey, is one of the most prominent “unicorns,” or private companies valued at more than $1 billion, to make a public debut this year

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Alibaba to pay about $3.7 billion for ‘China’s YouTube’

It is also a vote of confidence in China's economy by Alibaba Chairman Jack Ma, who has said investors should not overreact to his country's slowing growth. Youku Tudou's American Depositary Shares rose 10 percent to $26.80 in premarket trading on Friday, below Alibaba's offer of $27.60 per ADS. Alibaba held 18.3 percent of Youku Tudou as of Oct

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