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Post Holdings' BellRing closes 18% higher on trading debut

Shares of packaged-foods maker Post Holdings Inc.'s nutrition products unit BellRing Brands Inc. closed about 18% higher on its trading debut at the New York Stock Exchange.

BellRing, whose energy snacks include the PowerBar, saw its share price peak at $17.24 during afternoon trading before closing at $16.50 per share, 17.86% from the initial public offering price of $14 apiece.

On Oct. 16, BellRing valued its IPO at $480 million, lower than the initially expected valuation of up to $570 million. BellRing previously offered 30 million shares for $16 to $19 apiece.