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Tuesday, June 29, 2010
Fabrinet Holding Above IPO Price
Fabrinet (FN), a Thai contract manufacturer of optical components used in telecom networks and data centers, went public on the NYSE Friday, pricing at $10 a share. The company's customers include JDSU and Infinera. In two days of trading it has held above its offering level, although today will be interesting to see how it trades with the weak economic news out of China.
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