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IPG sets IPO Share Prices

Photonics.com
Nov 2006
WASHINGTON, Nov. 15, 2006 -- Fiber laser and amplifier maker IPG Photonics Corp. on Tuesday set its planned initial public offering at 9 million shares for between $13.50 and $15.50 apiece, according to an amendment to an offering document filed with the US Securities and Exchange Commission.

The company will offer 6.2 million shares and selling stockholders will sell another 2.8 million shares, the SEC said. The underwriters, led by Merrill Lynch & Co. and Lehman Brothers, will have the option to buy another 1.35 million shares to cover over-allotments.

IPG, based in Oxford, Mass, intends to list its stock on Nasdaq under the symbol "IPGP." The company announced an initial public offering of up to $130 million in common stock in August. (See also "IPG Photonics Files for IPO.")



GLOSSARY
fiber laser
A laser in which the lasing medium is an optical fiber doped with low levels of rare-earth halides to make it capable of amplifying light. Output is tunable over a broad range and can be broadband. Laser diodes can be used for pumping because of the fiber laser's low threshold power, eliminating the need for cooling.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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