Square Ends Day 1 Up 45% From IPO Price

Chris CrumBusiness

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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".

Image via Twitter

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.