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Earthweb Inc

BUSINESS
November 12, 1998 |
Three companies made smashing stock debuts on Wall Street on Wednesday, signaling a revival in investors' hunger for initial public offerings--a key source of capital for fast-growing businesses. In the day's biggest surprise, shares of EarthWeb Inc., a New York-based provider of online services to other information technology companies, rocketed from their initial offering price of $14 to close at $48.69 on Nasdaq, for a 248% one-day gain.

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