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Square IPO Soars, But 'Ratchet' Provision Worries Some

By Tom Zanki ( November 19, 2015, 9:24 PM EST) -- Square's shares soared 45 percent in debut trading on Thursday after its $243 million initial public offering priced below range, though a "ratchet" clause requiring the company to issue additional shares to offset the reduced price has some worried the tool unfairly favors more sophisticated investors....

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