NEW YORK--(BUSINESS WIRE)--Square, Inc. (NYSE:SQ) began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “SQ” after its initial public offering (IPO). Barclays is the Designated Market Maker for the company’s stock.
Square celebrated its public debut by hosting a Square Market beneath the NYSE facade, featuring some of the best local vendors, which are also Square sellers. Visitors to the Square Market browsed custom goods, got their beards trimmed, and enjoyed breakfast, lunch and desserts from food trucks and restaurants. The Square Market event kicked off with The Opening Bell® from outside the NYSE. Marcia Dorsey, mother of Square CEO Jack Dorsey, made a flower purchase from Square’s first seller, Cheri Mims. The sound of the completed transaction, coupled with the NYSE Bell, signified the start of the trading day.
“We’re pleased to welcome Square to our global community of leading innovators in technology,” said Garvis Toler III, NYSE Head of Global Capital Markets. “Square is helping sellers of all sizes start, run, and grow their businesses with its mobile payments technology and business services to help their sellers manage that growth. We congratulate Square on today’s milestone and look forward to celebrating many more.”
Building upon four consecutive years of global leadership in capital raising, the NYSE is the venue of choice for technology IPOs in the U.S. Year-to-date, NYSE IPOs have raised over $19 billion in combined proceeds, which is 65% of all proceeds raised from qualifying U.S. IPOs. This includes 79% of all capital raised from tech IPOs.
To learn more about NYSE’s leadership in tech IPOs, click here.
About Square, Inc.:
Square creates tools that helps sellers of all sizes start, run, and grow their businesses. Square's point-of-sale service offers tools for every part of running a business, from accepting credit cards and tracking inventory, to real-time analytics and invoicing. Square also offers sellers financial and marketing services, including small business financing and customer engagement tools. Business and individuals use Square Cash, an easy way to send and receive money, as well as Caviar, a food delivery service for popular restaurants. Square was founded in 2009 and is headquartered in San Francisco, with offices in the United States, Canada, Japan, and Australia.
About NYSE Group
NYSE Group is a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), operator of the leading global network of exchanges and clearing houses. NYSE Group operates multi-asset exchanges and a range of related data products and technology services. The company’s equity exchanges -- the New York Stock Exchange, NYSE MKT and NYSE Arca -- trade more U.S. equity volume than any other exchange group. NYSE is the global leader in capital raising for listed companies, including the majority of technology IPOs globally since 2012. The company’s equity options markets, NYSE Arca Options and NYSE Amex Options, offer complementary market models.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on February 5, 2015.
SOURCE: Intercontinental Exchange