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Penumbra (PEN) jumped nearly 38% on the first trading day of its upsized initial public offering. The stock priced at 30, above its estimated range of 25 to 28. The stock opened at 40, up 33%, rose as high 42 before closing at 41.30. The company offered 4 million shares, above previous plans for 3.8 million. Penumbra makes and markets a range of medical devices “that addresses challenging medical conditions and significant clinical needs across Scalper1 News
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