Helped by the fact that the initial allocations had to be scaled back quite a bit, investors remained keen on the company when it started trading on Nasdaq last night. At one point the stock was quoted as high as $16.73, or 11.5% above the IPO price, but by 3pm New York time it had retreated to around $15.98 for a more modest 6.5% gain.
Market watchers say investors were drawn to the company because of upbeat prospects for the sector and because it is...
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