STR Holdings shares rise modestly in IPO debut

NEW YORK—STR Holdings Inc. shares jumped Friday after the solar products company launched its initial public offering, but shares priced below expectations on the New York Stock Exchange.

Shares rose $3.10 from the offering price, or 31 percent, to close at $13.10. They priced at $10, which was below the expected range between $11 per share and $13 per share. A day earlier, the company cut its expected share price from a range of $13 to $15.

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