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Business

Erotic Media IPO Titillates Market

The Swiss company Erotic Media made a dazzling debut with its initial public offering in Frankfurt on Friday. Shares in the company, which owns a 3,000-film library of adult films, opened at 30 euros ($30.38) per share and closed the day at 38.50 euros. In March, the successful adult entertainment firm launched its own Pay TV channel with Beate Uhse, one of Germany's most successful purveyors of smut.