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No heartache for Achaogen: Shares price low, trade high

By Marie Powers
Staff Writer

Thursday, March 13, 2014

Despite pricing its initial public offering (IPO) at the bottom of the range, Achaogen Inc. enjoyed a strong debut Wednesday on the Nasdaq Global Market. Trading under the ticker AKAO, shares opened at $12.85 but quickly moved above the price range, hitting $14.48 by midday before closing at $14.31. Approximately 3.2 million shares changed hands.

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