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IPO Report: Airport retail fixture Hudson’s IPO: Here are 5 things you need to know

Shares of Hudson Ltd., operator of the Hudson “travel essentials” and bookstores found at airports across the U.S. and Canada, fell sharply in their trading debut Thursday, after the company’s initial public offering priced at the low end of its $19 to $21 price range.

The stock was last down $1.35, or 7%, at $17.65, while the S&P 500 SPX, -0.01% was slightly lower.

The company sold 39.4 million shares to raise $749 million. Shares are trading on the New York Stock Exchange under the ticker symbol “HUD.” Credit Suisse, Morgan Stanley, UBS, BofA Merrill Lynch and Goldman Sachs were lead managers, with Banco Santander, BBVA, BNP Paribas, Crédit Agricole, HSBC, Natixis, Raiffeisen Centrobank and UniCredit acting as co-managers.

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