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NeoPhotonics, Epocrates: IPO Winners

NEW YORK ( TheStreet) -- NeoPhotonics (NPTN - Get Report) shares have skyrocketed since its debut on the New York Stock Exchange two days ago.

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Shares of NeoPhotonics have surged 20.4% to $16.85 during early-afternoon trading Friday.

The current price is about 53.2% above NeoPhotonics' $11 a share offering price on 7.5 million shares of common stock.

The San-Jose, Calif.-based maker and designer of components for high-speed communications networks originally planned to raise about $82.5 million from the IPO. All shares were sold by the company.

Previously, the company had planned to sell 7 million shares of common stock for $9 to $11 a share.

Bank of America (BAC - Get Report) Merrill Lynch and Deutsche Bank (DB - Get Report) Securities were the lead underwriters. Piper Jaffray (PJC - Get Report), Regions Financial 's (RF - Get Report) Morgan Keegan & Company and ThinkEquity were co-managers for the offering.
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