EToys' stock soars on first trading day

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EToys' 8.3 million shares began selling at $78 today, nearly $60 higher than the offering price of $20, on the online retailer's first day of trading on the Nasdaq exchange. Shares hit a high of $85 before closing at $76.56 Goldman Sachs is the offering's lead underwriter.

Copyright May 1999, Crain Communications Inc.

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