Square’s stock surges in Wall Street debut
On Wednesday, the company priced its IPO below its expected range of $11 to $13. At its opening price Thursday, the company was valued at $3.9 billion including options. That’s lower than the $6 billion valuation it received from its last private financing round.
Known for its white square credit card readers that businesses can attach to mobile devices, the six-year-old company has already started venturing into payroll software, business financing and even food delivery with the purchase of Caviar.