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Malibu Boats goes public

By By Jonathan Sweet

Malibu Boats has started trading on the NASDAQ, after issuing its initial public offering.

The stock for the Tennessee-based ski boat maker of the Malibu and Axis brands was priced at $14 a share Friday, with a market capitalization of $314 million. The stock will trade under the symbol “MBUU” and the IPO will close on February 5.

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