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Heartland heading for growth after strong IPO performance.(Finance)
- Article from:
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Crain's Cleveland Business
- Article date:
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September 12, 2005
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Copyright informationCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SHAWN A. TURNER
Expansion is afoot at the North Olmsted office of Heartland Payment Systems Inc. following the company's impressive early performance on the New York Stock Exchange.
On its opening day of trading Aug. 11, Princeton, N.J.-based Heartland posted a gain of 36%. The provider of credit- and debit-card processing services as well as payroll processing services sold 6.75 million shares at an initial public offering price of $18. Last week, Heartland shares were trading at around $25, up slightly from the first-day close of $24.51.
Its North Olmsted office, which houses Heartland's own human resources staff as well as employees who perform payroll ...
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