Pursuits

Dorsey Gets a $282 Million Birthday Present as Square Surges

Square CEO Dorsey: IPO Helps Us Accelerate

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By Tom Metcalf and Lizette Chapman

November 19, 2015 at 5:19 PM UTC

Updated on

November 19, 2015 at 9:39 PM UTC

This article is for subscribers only.

Investors are giving Jack Dorsey a $282 million birthday present.

The value of Dorsey’s stake in Square Inc. was up about 45 percent as the San Francisco-based mobile payments company traded at $13.07 at the close in New York. The shares traded as high as $14.78 earlier in the day.