Square went public this week, and it had to eat some humble pie in the process.
The tech start-up — which, in 2009, introduced food trucks, art vendors and other small businesses to those little square gizmos you can plug into your smartphone and swipe credit cards through — had its initial public offering late Wednesday, selling shares to the public for the first time. It was something of a bust, at least at first: Square's initial filings had suggested shares would go for $11 to $13 a pop, and instead they wound up priced at a measly $9 per share.
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