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On Wednesday, Silver Spring Networks had an impressive debut on the New York Stock Exchange. The smart grid company's initial public offering (IPO) share price began at $17 and ended the day at $22, a 29% increase, according to the Wall Street Journal.

Silver Spring Networks announced on Tuesday that it planned to sell 4.75 million shares of common stock on its first trading day. However, almost 1 million more shares were picked up.

And the good news doesn’t stop there: The Wall Street Journal also reports that the IPO raised $80.6 million - almost 30% more than Silver Spring anticipated.







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