Joyous News
Square brings $300 million cheer to Twitter founder Jack Dorsey
Twitter founder Jack Dorsey can finally put the drubbing of Twitter by bourses this year behind him.
His other venture – Square, the mobile payment company just made a debut on NYSE, and became a instant hit.
It’s share price rose by 45 percent on day one itself, going for $13.07, up from the offer price of $9.
This gave Jack a valuation of $930 million for his shares, or if one just takes the upsurge in price, then a cool $300 million (give or take a few million).
The combined value of Dorsey’s stakes in Twitter and Squre have taken him into the Billionaire orbit with a worth of $1.5 Billion.