How Square, Match Group Fared in Wall Street Debuts

— -- Two tech darlings, Square and Match Group, closed on a high note after their first day of trading today, exceeding expectations at a time when Wall Street has taken a cautious approach to technology IPOs.

"It was an important day" for tech investors, said Daniel Ives, managing director at FBR Capital Markets. "There are a scarcity of good quality growth names that are getting a piece of the consumer wallet. The Street is searching through the unicorn landscape on the private side to get a sense of who will be the relevant public players of the next few years."

Here's a look at how Square and Match Group ended the day.

Square

Square ($SQ) opened at $11.20 a share after pricing below expectations at $9. It closed the day at $13.06. The payments processing company gives away its credit card readers in exchange for a 2.75 percent share of each credit card swipe for small businesses. Twitter CEO Jack Dorsey is also chief executive at Square.

Dorsey's two jobs were mentioned as one of the risk factors in the company's public filing, noting "this may at times adversely affect his ability to devote time, attention, and effort to Square."

Match Group

Match Group ($MTCH) had a great first date with Wall Street. The company, which owns a portfolio of dating apps including Match, OkCupid and Tinder, opened at $13.50 after pricing at $12. Match closed the day at $14.74.