Howard Morgan | Street Fight

Square Deal: Payments Startup Passes First Test as Publicly Traded Company

Noah Elkin

Square Deal: Payments Startup Passes First Test as Publicly Traded Company

Square made its debut on the public markets yesterday. After its much-commented-on offering price of $9 per share, which some took as a shot across the bow for unicorn startups, the Jack Dorsey-helmed payments firm surged more than 45 percent in its first day of trading. The pressure may be off Square momentarily, but it won’t stay that way for long.