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Premier shares jump after IPO raises $760M

NEW YORK (AP) -- Shares of Premier Inc. climbed Thursday after the company's initial public offering of stock raised $760 million.

The Charlotte, N.C., company collects and analyzes clinical and financial data for health care facilities.

It priced 28.2 million shares at $27 each. That's above the expected range of $23 to $26 a share, suggesting healthy demand for the shares.

The stock closed up $3.65, or 13.5 percent, to $30.65. It trades on the Nasdaq under the "PINC" symbol.