By and and  on November 16, 2009

Teen retailer Rue21 made its debut Friday on the Nasdaq Stock Exchange under the ticker RUE and immediately paid investors a handsome return.

The shares priced Thursday night at $19, above the hoped-for $16 to $18 range. The retailer sold 6.77 million shares and finished the day at $24.30, up $5.30, or 27.9 percent.

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