Shares of Square, the mobile payments company co-founded and still run by Twitter chief executive Jack Dorsey, rose as much as 64 per cent in their market debut, sharply countering the negative sentiment that has nagged at Silicon Valley startups in recent weeks. Square's shares touched a high of $US14.78 in early trading on Thursday before settling in the $US13 range at midday. While the stock popped at the opening, the initial public offering price of $US9 per share was well below the expected range of $US11 to $US13 and far below the $US15.46 price of Square's last private financing in 2014. The steeply discounted price had raised questions about the prospects of other so-called...
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