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Salesforce.com files for IPO

Published on .

San Francisco--Salesforce.com, a 5-year-old Web-based CRM provider, Wednesday announced an initial public offering of 10 million shares of its common stock at $11 per share.

Salesforce.com's common stock began trading Wednesday morning on the New York Stock Exchange under the symbol "CRM."

The company said it has also granted the underwriters an option to purchase an additional 1.5 million shares.

--Carol Krol

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