The Traderszone Network

Published in TZ Latest News 19 November, 2015 by The TZ Newswire Staff

Dorsey’s Square jumps in market debut, offering hope to tech startups

The steeply discounted IPO price, at less than 60 percent of the company’s last private valuation, had raised questions about the prospects of other so-called ‘unicorns’ – startups worth at least $1 billion – that might want or need to go public. A number of tech IPOs have performed poorly over the past year, and mutual fund investors including Fidelity Investments have been marking down the value of their private tech holdings.