Square and Match shares jump in their market debut

Members of tech's $1 billion club made a positive start on their first day of trading

20th November, 2015
Jack Dorsey, chief executive of Square, tours the floor of the New York Stock Exchange Credit: Bloomberg

Two of Silicon Valley's big players saw their shares jump in their first day of trading amid concern over their growth prospects.

Shares of Square, the mobile payments company run by Twitter chief executive Jack Dorsey, closed up 45 per cent in New York, valuing the company at about $4.2 billion.

It rose as much as 64 per cent in early trading after selling shares at $9 apiece, below the planned range of $11 to $13.

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