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Updated from 11:41 a.m. EDT
DigitalGlobe's (DGI Quote) initial price offering was off to a hot start Thursday, becoming the latest IPO to price above its proposed range.
The global high-resolution imagery and information company said it raised $279 million after offering 14.7 million shares of common stock priced at $19 a share, above its expected range of $16 to $18 a share. DigitalGlobe shares were lately trading at $21.55, good for a 13% return on the first day of trading. The stock traded as high as $25 earlier in the session.
GeoEye (GEOY Quote), DigitalGlobe's chief competition, saw shares slump 2.4% Thursday. ...
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