{"id":44349,"date":"2023-10-20T15:35:20","date_gmt":"2023-10-20T15:35:20","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/its-hip-to-be-square-while-finding-a-match-up-on-wall-street-startupsmart\/"},"modified":"2023-10-20T15:35:20","modified_gmt":"2023-10-20T15:35:20","slug":"its-hip-to-be-square-while-finding-a-match-up-on-wall-street-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/its-hip-to-be-square-while-finding-a-match-up-on-wall-street-startupsmart\/","title":{"rendered":"It\u2019s hip to be Square while finding a Match up on Wall Street – StartupSmart"},"content":{"rendered":"
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In the face of widespread panic over an apparent tech bubble and overpriced unicorns, two startups have gone public overnight and given tech companies around the world hope.<\/p>\n

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Mobile payments startup Square and Tinder parent company Match have listed publicly in the US, and both have enjoyed quick gains since opening.<\/p>\n

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But the two tech companies were also valued well below what private investors have priced them at with these public listings.<\/p>\n

 <\/p>\n

Square set its stock price at $US9, giving it a valuation of $US2.9 billion \u2013 less than half what a previous private investment round valued it at.<\/p>\n

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But this price has risen by 44% since opening, reaching $US12.9.<\/p>\n

 <\/p>\n

Match Group has also had a pretty good day, up 17% from its original price of $12.<\/p>\n

 <\/p>\n

Few tech companies have chosen to go public this year with large concerns over inflated valuations from huge investment rounds.<\/p>\n

 <\/p>\n

For Square, there were also worries about co-founder and CEO Jack Dorsey\u2019s ability to juggle that role and his newly appointed position of Twitter CEO.<\/p>\n

 <\/p>\n

Dorsey himself says Square\u2019s aim with the listing has already been achieved.<\/p>\n

 <\/p>\n

\u201cIt\u2019s all about getting the business and accelerating the business, and that\u2019s what we came here to do today and we did it,\u201d Dorsey told CNBC.<\/p>\n

 <\/p>\n

Do you know more on this story or have a tip of your own? Raising capital or launching a startup? Let us know. Follow StartupSmart on<\/i> Facebook<\/i>,<\/i> Twitter<\/i>, and<\/i> LinkedIn<\/i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

In the face of widespread panic over an apparent tech bubble and overpriced unicorns, two startups have gone public overnight<\/p>\n","protected":false},"author":1,"featured_media":59301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44349"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=44349"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/44349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59301"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=44349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=44349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=44349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}