When Jack Dorsey launched Square Inc. in 2009, a period of massive growth led to the company filing its public listing in 2015. Though Square raised funding in the private arena with a $6 billion valuation, when the company was listed, its share price dropped substantially and the company was valued at only $3.66 billion. Since recovered, the company’s shares are now over 425% over the original price, but it has not been an easy climb. Other successful fintech companies like On Deck Capital and LendingClub Corp have always been devalued significantly, up to 80% in both cases, when launching their public listings. Where is the Disconnect Between Private and Public Valuation Amounts?