Electronic payments company Square proceeded with its initial public offering at $9 – lower than the company’s original plan ranging from $11 to $13. It is also way below than the $15.46 per share price during their last private funding round.
Last Thursday, stock surged to as much as 60% closing up at around 45% or $13.07. Bloomberg View’s Matt Levine points out, Square’s shareholders are earning.
All about Square
With its headquarters in San Francisco, California, Square, Inc. develops a point-of-sale software around the world. The business provides Square Register, a point-of-sale system that takes care of digital receipts, inventory, and sales reports, as well as provides analytics and feedback. Square serves big and small businesses from small shops to retailers. Square Register is available in the App Store and on Google Play, and it is designed to run on a smartphone or tablet, and on counter.
