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NEW YORK (AP) - Completing a rough road to the public markets, truck-parts maker Accuride Corp. saw its shares hold steady in initial trading Tuesday.
The stock closed at $9 on the New York Stock Exchange, flat with the offering price in its initial public offering of 11 million shares. The company is based in Evansville, Ind.
Accuride's pricing was far below original expectations for the deal, which was led by Citigroup Inc., Deutsche Bank AG's Deutsche Bank Securities, and UBS AG's UBS Investment Bank.
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