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Weakness in the IPO market continued Thursday, as electronic-payments-processing giant First Data (FDC), the largest new issue this year, struggled to get out the door. First Data priced late Wednesday at 16, below its estimated range of 18 to 20. The IPO raised $2.6 billion, below plans to raise $3 billion. The stock opened at 16.39 and remained up a fraction much of the day, but closed down 1.6%, at 15.75. The initial public offering still Scalper1 News
Scalper1 News