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Markets > IPOs
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United Defense raises $400M
graphic December 13, 2001: 6:52 p.m. ET

Military contractor sells 21.1M shares at $19 via Lehman, Goldman.
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  • Prudential's $3B IPO leads slew of new issues - Dec. 8, 2001
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    NEW YORK (CNN/Money) - United Defense Industries Inc. raised $400.9 million Friday ahead of its initial public offering.

    The Arlington, Va.-based company sold 21.1 million shares at $19, the mid-point of its $18 to $20 price range, via lead underwriters Lehman Brothers and Goldman Sachs.

    United Defense company makes and designs combat vehicles, naval guns and missile launchers. It also is a prime contractor on several U.S. military programs.

    The company plans to trade under the New York Stock Exchange symbol "UDI."

    American Pharmaceutical Partners Inc., which specializes in injectable pharmaceutical products, raised $144 million with its IPO.

    The company priced 9 million shares at $16 per share, the top of its expected range, through lead underwriters CIBC World Markets.

    American Pharmaceutical earned more than $6.6 million in 2000, with sales of more than $165 million. The stock will trade as "APPX" on the Nasdaq. graphic

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    Prudential's $3B IPO leads slew of new issues - Dec. 8, 2001





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    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

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    Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

    Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

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