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Square Ends Day 1 Up 45% From IPO Price

Square launched its initial public offering on Thursday. The company priced the offering of 27,000,000 shares of its Class A common stock at $9.00 per share. This was significantly less than previousl...
Square Ends Day 1 Up 45% From IPO Price
Written by Chris Crum
  • Square launched its initial public offering on Thursday. The company priced the offering of 27,000,000 shares of its Class A common stock at $9.00 per share.

    This was significantly less than previously announced plans to price the IPO at $11 to $13, but things looked better after the bell rang. It opened at $11.20 per share and climbed from there.

    By the time trading closed, Square hit $13.07 per share, up 45% from the IPO price. The company raised $243 million with CEO Jack Dorsey making a reported $1 billion.

    Square trades on the New York Stock Exchange as “SQ”.

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