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Stock Watch: LoudEye Surges on First Day

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Stock Watch: LoudEye Surges on First Day


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LoudEye Technologies, Inc. nearly tripled in its first day of trading Wednesday, closing at 40 after starting the day at an IPO price of 16.

The Seattle, Washington-based company, which provides Internet audio and video encoding services to companies including BMG Music, Walt Disney Co. and Sony Corp., said it will use the $72 million in proceeds for working capital and capital spending.


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