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Cloud Peak Energy(CLD), Archipelago Learning(ARCL) and Global Defense Technology(GTEC) are enjoying mixed fortunes during their first day of trading as public companies.
Cloud Peak's's shares were trading at $14.49 by late morning, a dip of 3.47%, after pricing its IPO at $15 a share, shy of its expected $16 to $18 range.
Cloud Peak, a Gillette, Wyo.-based subsidiary of Rio Tinto(RTP) is seen as one of the cleaner coal companies. It is hoping to earn around $459 million in its IPO.
Coal and Cloud Peak ...
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