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IPass is the latest Silicon Valley company to test the public equity markets with the issuing of its initial public offering on Thursday.The company was able to raise close to $98 million for its IPO, a significantly higher valuation than originally anticipated.By midday during its first full day of trading, shares of the company had risen by over 30 percent to $18.35 after debuting at $14. They later closed up by $4.67, or 33 percent at $18.67.
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