Nov 6th, 2009 - Boston
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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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