Square Prices IPO Below Expected Range, Match Weak
Mobile payments company Square (SQ) late Wednesday priced its initial public offering at $9 a share, well below the expected range of $11 to $13. Meanwhile, online dating site operator Match Group (MTCH) priced at the low end of its expected range Square will begin trading Thursday under the ticker SQ on the New York Stock Exchange. The company sold 27 million shares, raising $243 million. The IPO pricing for Square values the company at $2.66