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CBOE Stock Soars on Trading Debut

CBOE stock is climbing during its first day of trading on the Nasdaq.

NEW YORK (

TheStreet

) --

CBOE

(CBOE) - Get Report

is surging in its debut on the Nasdaq.

The exchange raked in $339.3 million, after selling 11.7 million shares at $29 each, which came in at the top of its expected range.

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The Chicago Board Options Exchange is the largest U.S. options exchange and is known for creating the VIX or "fear index."

The IPO market has been lackluster, as 14 companies have postponed or canceled deals over the past two months.

Shares of CBOE are advancing 14% to $33.03 in afternoon trading.

-- Reported by Jeanine Poggi in New York.

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