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First Data Shares Flat in Debut

Payments processing company hoped to raise as much as $3.7 billion.

CNBC

Shares of First Data flip-flopped around their IPO price Thursday after the payments processing company debuted on Wall Street.

The stock opened 2 percent above its $16 a share initial public offering price, then fell more than 1.5 percent before paring those losses. First Data hoped to raise as much as $3.7 billion in what was expected to be the biggest IPO of the year.

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This article originally appeared on Recode.net.