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Sunday, December 18, 2011

Social-networking IPOs lose some luster in 2011


Zynga's lackluster debut Friday ended a disappointing year for initial public offerings.

The San Francisco maker of online games closed at $9.50 per share, 50 cents below its $10 offering price. Zynga was one of nine U.S. companies that rushed to go public last week before the IPO market shut down for the rest of the year.



Social-networking IPOs lose some luster in 2011

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