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MapmyIndia Shares Soar 54% in First Day of Trading After IPO

The stock of MapmyIndia, a digital mapping company that works with Apple Inc. and Inc., surged more than 50% on the first day of trading after the startup’s initial public offering. 

Shares climbed to as high as 1,590 rupees a share before retreating to about 1,400 rupees or about 35% higher than the IPO price.