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Constant Contact Shares Surge in Debut

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Shares of e-mail newsletter manager Constant Contact surged in the company’s public market debut, closing at $27.64 — well above the $16 price set before the IPO. The stock is one of several IPOs to pop hard upon going public. At its current price, the company has a market cap of $582 million, on year-to-date revenue of $21.1 million. Before underwriting expenses, the company hoped to raise $93 million with the offering.