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American Pharm IPO up 21%
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December 14, 2001: 3:54 p.m. ET
Maker of injectable drug products rises sharply on first day of trading.
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NEW YORK (CNN/Money) - Share of American Pharmaceutical Partners Inc. jumped 21 percent Friday, the biggest gain of four initial public offering stocks making their debut.
American Pharmaceutical (APPX: Research, Estimates), which specializes in injectable pharmaceutical products, raised $144 million by pricing 9 million shares at $16 per share Thursday through lead underwriters CIBC World Markets.
United Defense Industries Inc. rose more than 4 percent after pricing 211 million shares at $19 per share Thursday night through Goldman Sachs and Lehman Brothers.
United Defense (UDI: up $0.35 to $19.35, Research, Estimates) makes and designs combat vehicles, naval guns and missile launchers. It also is a prime contractor on several U.S. military programs.
Biotech firm Northwest Biotherapeutics Inc. (NWBT: Research, Estimates) and Bruker AXS Inc. (BAXS: Research, Estimates), which provides x-ray systems, both rose slightly on their first day of trading. 
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