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Vince Surges in First U.S. Apparel IPO Since Michael Kors

Vince Holding Corp. rose 43 percent in its trading debut as investors bought shares in the first apparel company to go public in the U.S. since Michael Kors Holdings Ltd. in 2011.

Vince, the clothing designer formerly known as Apparel Holding Corp. that’s backed by Sun Capital Partners Inc., raised $200 million selling 10 million shares for $20 each, according to a statement, after offering them for $17 to $19 apiece. The shares climbed $8.66 to $28.66 as of 4:15 p.m. in New York.