Two members of tech’s $1-billion club saw their shares climb after their stock market debuts Thursday amid growing concern about the lofty valuations of Silicon Valley’s hottest start-ups. Shares of Square Inc. opened trading at $11.20 and climbed steadily by late morning to nearly $14 on the New York Stock Exchange. The San Francisco payments firm had priced its shares at $9 apiece for the initial public offering, well below its $11 to $13 projected range. Meanwhile, Match Group Inc., which owns online-dating platforms such as...
↧