&gt; Companies like FireEye are in the red but have multiplied in market cap since going public.<p>FireEye debuted at $20. It hit a peak of ~$85 shortly after the IPO. Its closing price today is $28.76.<p>As of September, 40% of the companies that went public in the past year with market caps above $1 billion were below their offering prices[1]. The market for IPOs has become even tougher since September. Just look at Pure Storage[2] and CytomX[3].<p>In my opinion Square is getting out to market while they can.<p>[1] <a href="http:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2015-09-14&#x2F;many-of-the-companies-that-went-public-in-the-past-year-are-trading-below-their-offering-price" rel="nofollow">http:&#x2F;&#x2F;www.bloomberg.com&#x2F;news&#x2F;articles&#x2F;2015-09-14&#x2F;many-of-th...</a><p>[2] <a href="http:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;pure-storage-trades-below-ipo-price-in-market-debut-1444227780" rel="nofollow">http:&#x2F;&#x2F;www.wsj.com&#x2F;articles&#x2F;pure-storage-trades-below-ipo-pr...</a><p>[3] <a href="http:&#x2F;&#x2F;www.bizjournals.com&#x2F;sanfrancisco&#x2F;blog&#x2F;biotech&#x2F;2015&#x2F;10&#x2F;trading-nasdaq-bay-area-biotech-cytomx-ipo-bubble.html" rel="nofollow">http:&#x2F;&#x2F;www.bizjournals.com&#x2F;sanfrancisco&#x2F;blog&#x2F;biotech&#x2F;2015&#x2F;10...</a>