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WuXi Prices IPO above Range

publication date: Aug 9, 2007
Stock Opens 30% Higher WuXi PharmaTech (WX), the contract research organization (CRO) based in Shanghai, priced its IPO at $14 last night, just above the $11 to $13 range it announced in its prospectus. When trading began this morning, the stock jumped 32% to $18.50. In the early going, WuXi has traded between $18 and $19.49. Two hours into the session, WuXi is holding the $18.50 opening price. More details...


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