Square IPO priced at $9, seen as test of whether tech startups are still hot
Payments startup Square priced its initial public offering at a level lower than earlier indicated, even as analysts are looking at the company's debut on the stock exchange today as a test of how public markets will evaluate high-profile private startups some of which have seen valuations of more than $1 billion.
Online dating company Match Group also appears to have faced investor jitters, announcing Wednesday that it had priced its IPO of more than 33 million shares at $12 a share, at the bottom end of its earlier expectation of $12 to $14 a share. Shares of the operator of Tinder and other dating services are expected to start trading Thursday on the Nasdaq Global Select Stock Market.
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