eBay pulls off robust IPO

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Online auction site eBay pulled off a robust initial public offering Sept. 24. The stock, which had an initial offering price of $18 a share, opened at $53.50 and closed at $47.38 The San Jose, Calif.,-based start-up has more than 1 million registered users who buy and sell antiques, books, and items in more than 1,000 categories.

Copyright September 1998, Crain Communications Inc.

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