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Switch Inc.

Larson&Holz

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Switch Inc. has attracted $531 mln as initial public offering. According to Bloomberg, the deal is the third largest deal among this year’s US IPOs in the technology sector. Switch provides cloud services and telecommunication services; it has sold 31,25 mln shares, $17 each, which was higher than the range offered by the company: $14-16 per share.

The company has been making profits for the last 4 years. Larson&Holz analysts recommend to buy Switch shares aiming at $25 per paper.

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