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CKS stock hits $24.50 in first day of trading

Published on .

The stock of high tech marketing company CKS Group, Cupertino, Calif., closed at $24.50 Dec. 15, its first day of trading on the Nasdaq stock exchange, after opening at $23.75. CKS floated 2.5 million shares; 2.1 million from company officials and 400,000 from outside shareholders, giving the company a market value of $61.25 million. Interpublic Group of Cos., a previous investor in CKS, now holds 29.43% of the company.

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