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In a recently weakened market for IPOs, Zayo Group Holdings rose 16% on its first day of trading Friday. The caveat is that Zayo Group (ZAYO), a provider of high-bandwidth, fiber-optic infrastructure in the U.S. and Europe, did not get all that it wanted from its initial public offering. Zayo raised $400 million by offering 21 million shares at 19, below the expected range of 21-24. It originally planned to raise $650 million by offering 28.9 Scalper1 News
Scalper1 News