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Company News

KKR-backed Academy Sports falls 7% in Nasdaq debut

Oct 2 (Reuters) - Shares of Academy Sports and Outdoors Inc fell 7% in their Nasdaq debut on Friday, after the KKR-backed sporting goods retailer raised about $203.1 million in its initial public offering.

The stock opened at $12.10 per share, compared with the IPO price of $13 per share. (Reporting by Niket Nishant in Bengaluru; Editing by Aditya Soni)

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