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IPO Watch: Hyatt Shares Soar in Debut
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NEW YORK (TheStreet) -- Hyatt Hotels(MAR Quote) is rising by double digits in its debut on the New York Stock Exchange.
In one of the more anticipated IPO's of the year, the hotel operator issued 38 million shares priced at $25 each. The IPO garned $950 million.
By midafternoon, they were changing hands at about $28, or an increase of exactly 12% from their opening price.
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