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Facebook and volatile market still chill IPOs

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Making a killing on initial public offerings used to be easy. At the peak of the technology boom, little more than a decade ago, a plentiful supply of companies vied to sell stock on the exchanges, and investors were assured mouthwatering returns. These days, the deals are fewer and the returns more modest. Companies are set to raise more than $45 billion through IPOs this year — the most since...

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