Square IPO priced at $9, seen as test of whether tech startups are still hot
Payments startup Square has 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 as a test of how public markets will evaluate high-profile private startups some of whom have seen valuations of over US$1 billion.
Online dating company Match Group also appears to have faced investor jitters, announcing Wednesday that it had priced its IPO of over 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 products are expected to start trading Thursday on the NASDAQ Global Select Stock Market.
To read this article in full or to leave a comment, please click here