Mobile payment company , Square , which is considered a pioneer in the crowded mobile payment market , has made its debut on the New York Stock market . The company had priced its IPO at $ 9 a share , below the expected price , and valued the company at just under $ 10 however , last year , investors valued the company , co - founded by Jack Dorsey , at $ 6bn . The marked - down stock price raised questions about the prospects of other ' unicorns ' ; start - ups valued over $ 1bn , and highlights a tough market for tech companies . Nevertheless , Square 's stock began trading at $ 11.20 and has made a strong start , surging to $ 13.68 per share as at 11 a.m. est today , up over 50 % from its IPO price .
Mobile payment company, Square, which is considered a pioneer in the crowded mobile payments market, has made its debut on the New York Stock Exchange. The company had priced its IPO at $9 a share, below the expected price, and valued the company at just under $3bn however, last year, investors valued the company, co-founded by Jack Dorsey, at $6bn. The marked-down IPO price raised questions about the prospects of other 'unicorns'; start-ups valued over $1bn, and highlights a tough market for tech IPOs. Nevertheless, Square's stock began trading at $11.20 and has made a strong start, surging to $13.68 per share as at 11a.m. EST today, up over 50% from its IPO price.