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The Boston Globe

Business

Fidelity analysts court companies on ground floor

Facebook Inc. became a stock market sensation before it went public last year, in part because some high-profile investors already owned pieces of the social media giant.

Fidelity Investments and a number of other mutual fund companies were among them. These fund firms normally buy and sell publicly traded stocks and bonds for their investors, but some had been purchasing small stakes in Facebook while the company was still privately owned.

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