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May 22, 2002 4:25 AM PDT

Netflix reels in $82.5 million for IPO

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Investors nab shares of the online DVD-rental company with expectations that people will increasingly spend money on DVDs as they upgrade home-entertainment systems.

The story "Netflix reels in $82.5 million for IPO" published May 22, 2002 at 4:25 AM is no longer available on CNET News.

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