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WASHINGTON (AP) - Shares of golfing retailer Golf Galaxy Inc. closed up 33 percent from its initial public offering price on Friday, its first day of trading.
Golf Galaxy, which is headquartered in Eden Prairie, Minn., closed at $18.61, up from the $14-per-share price at which it sold its stock Thursday night.
The company sold 3.95 million shares at a price above its expected range of $11 to $13 a share.
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