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Skullcandy stock price rises in early trading
The Skullcandy team at the Nasdaq stock exchange for the company's stock market debut. Photo courtesy of Skullcandy.
By TIFFANY MONTGOMERY
July 20, 2011 08:01 AM
July 20, 2011 08:01 AM
Skullcandy's stock price rose from $20 to $23.09 in early morning trading in its first day on the Nasdaq stock exchange.
Skullcandy priced its stock at $20 per share and sold 9.4 million shares to institutional investors, raising $188.8 million, according to news reports. Those investors can now trade the stock in the open market today.
Zillow's stock, which also debuted today, was priced at $20 and more than doubled to $43 in early morning trading.
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