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Short Take: CyberShop goes public

Online shopping company CyberShop's initial public offering of 2.8 million shares of its common stock has been priced at $6.50 per share. Proceeds from the offering are expected to total $18.2 million. The stock rose to 8-3/4, up 2-3/4, in its first day of trading under the symbol "CYSP." The underwriter was C.E. Unterberg, Towbin and Fahnestock & Co.

Online shopping company CyberShop's initial public offering of 2.8 million shares of its common stock has been priced at $6.50 per share. Proceeds from the offering are expected to total $18.2 million. The stock rose to 8-3/4, up 2-3/4, in its first day of trading under the symbol "CYSP." The underwriter was C.E. Unterberg, Towbin and Fahnestock & Co.