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Short Take: BiznessOnline.com IPO jumps 19 percent

Stock in BiznessOnline.com, an Internet service provider that offers Web hosting, design, and e-commerce services, jumped nearly 79 percent during its initial public offering before closing at 11.875, an increase of nearly 19 percent. BiznessOnline.com, which trades on the Nasdaq under the "BIZZ" ticker symbol, sold 2.9 million shares at $10 each. Joseph Stevens served as the lead underwriter. The company also is buying four other northeastern ISPs.

Stock in BiznessOnline.com, an Internet service provider that offers Web hosting, design, and e-commerce services, jumped nearly 79 percent during its initial public offering before closing at 11.875, an increase of nearly 19 percent. BiznessOnline.com, which trades on the Nasdaq under the "BIZZ" ticker symbol, sold 2.9 million shares at $10 each. Joseph Stevens served as the lead underwriter. The company also is buying four other northeastern ISPs.