Hertz (HTZ) Stock Falls in First Day Back on Public Market – Bloomberg

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Hertz Global Holdings Inc., the car-rental giant that became a darling of meme-stock traders after it filed for bankruptcy last year, opened down 9.5% in its first day of trading after raising $1.3 billion in an initial public offering. 
The Estero, Florida-based car-rental company opened at $26.25 after pricing 44.5 million shares at $29 apiece Monday. The stock was trading at $27.71 at 12:20 p.m. in New York. Its backers increased the offering size after initially planning to sell 37.1 million shares at $25 to $29, according to filings with the U.S. Securities and Exchange Commission. 


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