Razorfish raises $48 mil in IPO

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New York interacative agency Razorfish raised $48 million in its initial public offering April 27. It sold 3 million shares. The stock, which was initially priced at $16, opened at $35-1/2, went as high as 38-7/8 and closed the day at $33-1/2.

Copyright April 1999, Crain Communications Inc.

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