IPG Photonics Raises $148.5M in Market Debut
NEW YORK, Dec. 13, 2006 -- An initial public offering from IPG Photonics Corp., an Oxford, Mass., maker of fiber lasers and amplifiers for a uses from welding to surgery, on Tuesday raised $148.5 million as it priced above the expected range, according to an underwriter quoted by Reuters today. The 9-million-share offering, which represents about a 21 percent stake in the company, sold for $16.50 per share compared with an estimated $13.50 to $15.50 forecast range. IPG sold about 6.2 million shares while selling...