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. Last Updated: 07/27/2016

IPO Boosts AT&T

NEW YORK -- T&T Wireless Group, whose initial public offering ranks as the largest in U.S. history, eked out a gain of almost 8 percent Thursday after making its Wall Street debut amid market turmoil sparked by interest-rate fears.

AT&T Wireless logged the second heaviest one-day New York Stock Exchange volume ever with roughly 125 million shares changing hands, trailing behind Lucent Technologies Inc., which saw about 136.8 million shares traded Jan. 7.

The AT&T wireless division had a market capitalization of roughly $73.5 billion, based on its current market price and 2.31 billion shares outstanding.