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From Home Furnishing Business

Wayfair Has Strong 1st Day Trading

Online home furnishings retailer Wayfair (NYSE: W) enjoyed a strong first day of trading on the New York Stock Exchange, selling for as high as $39 per share.

The Boston company's IPO price was $29 a share. During the first day, on volume of 16,139,804 shares, the stock closed at $37.72.

That's a nice 30 percent gain. Investor's Business Daily rated it the top of six initial offerings on Thursday.



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