Qimonda rises on New York debut

Shares in Qimonda, a Munich-based memory chip maker, opened in New York up nearly 4% on the offer price, a day after the firm was forced to cut the size of its flotation in half.

Qimonda shares debuted in New York at $13.50, 3.9% above the deal price of $13. The deal price was 19% below the bottom of the company's marketed pricing range.

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