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Bojangles stock rises 25 percent on first day

For the first time investors are able to buy stock in Charlotte-based Bojangles.

The restaurant chain is offering 7.75 million shares at $19 a piece.

That means the restaurant's raising about $147 million.

The stock (BOJA) rose to $27.97 and ended the day at $24.08.

The Wall Street Journal reports the last two restaurants to offer IPO’s -- Shake Shack and Habit Restaurants -- have more than doubled in price since they debuted.
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