LPL Climbs on Day One
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Thursday, November 18, 2010

LPL Climbs on Day One

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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