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.
SMS
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.

Featured Stories
Jarred Vanderbilt after winning the FIBA Championship

This Top-25 High School Basketball Player Told Us Why He's Next Up

Treasury Secretary Steve Mnuchin

Trump's Treasury Secretary Might Have 'Jokingly' Broken Ethics Rules

Computer monitors display two newspaper websites

President Trump Will Decide If Internet Providers Can Sell User Data