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First Mercury Rises in Debut

The insurance company's stock is higher.

Insurance provider

First Mercury Financial


priced its initial public offering at $17, the midpoint of its expected range.

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The company sold more than 9.7 million shares in its IPO.

Shares of First Mercury opened at $19 and were lately changing hands at $19.21. The stock has traded in a range of $18.75 to $19.50 Wednesday.