Square IPO priced at US$9, seen as test of whether tech startups are still hot

John Ribeiro

Square is playing in a market where other companies like PayPal are already contenders. Its other big challenge is that it is sharing its CEO Jack Dorsey with another public company Twitter that is attempting to make a turnaround, which will likely raise issues as to whether Dorsey has enough of time to run Square.

Markets could also take a dim view of the Square public offer as already a number of tech companies that had their IPOs recently have been trading below their offer price.

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