Square Sets IPO Lower Than We Expected

On Thursday, Square began trading on the New York Stock Exchange. The company's IPO was lower than what it announced earlier this month.
Square Sets IPO Lower Than We Expected

E-commerce startup Square set its IPO price at $9, down from the price it promoted earlier this month: $11 to $13.

That's also far less than a $6 billion private valuation from a year ago.

But at prices this low, the stock has a lot of room to go up.

Square is listed on the NYSE under the ticker symbol SQ.

This video includes footage from Square.

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