LPL's first day on the Nasdaq was a good one. The Boston and San Diego-based independent broker-dealer's stock price rose more than seven percent from the IPO price of $30 per share to close at $32.19.
With a reported 107 million shares outstanding (see
The MFWire, 11/18/2010), that puts LPL's new market cap at more than $3.44 billion. 
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