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Market Update : 
Heelys, Allegiant, Aegean IPOs Rise
Author: Elena Todorova
123jump.com
Last Update: 11:49 AM EST December 08 2006

Small-cap firms Heelys and Allegiant Travel rallied 60% and 40%, respectively, in their stock market debuts Friday. Heelys, a maker of children''''s sneakers, jumped over its price range of $16 to $18 to set its IPO at $21 a share. The stock opened at $30.30 and rose to $34.70 for a gain of about 65%. Allegaint priced its IPO at $18, above its $15-$17 range. The IPO opened at $24 a share and rose to $25.23 for a gain of 41%.

 

 

 
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