Autobytel scores with IPO

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Autobytel, a new and used-car retailer, went public March 26, with its initial public offering of stock closing at $40.25, after opening at $52.75. The stock was initially priced at $23 a share. Rival Autoweb.com, which went public earlier in the week, closed the day at $32.75.

Copyright March 1999, Crain Communications Inc.

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