1. Two tech IPOs
Square (SQ) and Match Group (MTCH) are going public today in the U.S. even though it has been a difficult year for initial public offerings.
The mobile payments firm Square is offering shares for $9 a piece, which is well below the projected price. The offering sets Square's value around $3 billion. That's a huge discount to the $6 billion valuation implied when Square last raised money from private investors a little more than a year ago.
Square's CEO and co-founder Jack Dorsey is also the top executive at Twitter (TWTR, Tech30).
Match Group, which owns online dating apps and websites including Tinder and OkCupid, is set to list at $12 per share. The offering will raise nearly $400 million and value the company around $2.8 billion.
But Match experienced an awkward moment after the British Evening Standard published a story on Wednesday with inaccurate Tinder user metrics and a lewd comment attributed to Tinder's top executive, Sean Rad.
The interview raised questions about whether the company violated its "quiet period," the window between filing a public document and the time the SEC deems it effective.