Reuters: Global Markets: Rocket Fuel shares more than double in debut

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Rocket Fuel shares more than double in debut Sep 20th 2013, 14:59 Fri Sep 20, 2013 10:59am EDT (Reuters) - Shares of advertisement technology company Rocket Fuel Inc (FUEL.O) more than doubled in their debut, valuing the company at more than $2 billion, a day after it priced its IPO at the top end of its revised price range. The company, which delivers Web-based video advertisements, raised $116 million by selling 4 million shares at $29 each. Rocket Fuel had set a price range of $27-$29 per share for the IPO.

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