IPG Photonics Corporation Launches Public Offering of Shares
February 27 2012 - 9:36PM
Business Wire
IPG Photonics Corporation (Nasdaq Global Market: IPGP) (“IPG” or
the “Company”) today announced that it has commenced a public
offering of up to 3,000,000 shares of its common stock, consisting
of 2,800,000 shares to be sold by the Company and up to 200,000
shares to be sold by the Company’s chairman and chief executive
officer, Dr. Valentin P. Gapontsev. The Company intends to grant to
the underwriters a 30-day option to purchase up to an additional
450,000 shares of the Company’s common stock.
The Company plans to use the net proceeds of the offering for
general corporate purposes and to fund capital expenditures and
working capital requirements. The Company may also use some of the
net proceeds for acquisitions of complementary businesses and
technologies, although no such acquisitions are currently
pending.
BofA Merrill Lynch will be the sole bookrunning manager for this
offering and Needham & Company, LLC and Stifel Nicolaus Weisel
will act as co-managers.
An automatic shelf registration statement relating to the
securities to be offered in this offering was filed with the
Securities and Exchange Commission (the “SEC”) on February 27,
2012. The offering of these securities will be made pursuant to a
prospectus supplement to the prospectus contained in the shelf
registration statement, which prospectus supplement will be filed
with the SEC. The prospectus and prospectus supplement will be
available at no charge on the SEC’s Web site at www.sec.gov. When
available, copies of the prospectus and prospectus supplement also
may be obtained from BofA Merrill Lynch, 4 World Financial Center,
New York, NY 10080, Attention: Prospectus Department, or by
emailing a request to dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
About IPG Photonics Corporation
IPG Photonics Corporation is the leading developer and
manufacturer of a broad line of high-performance fiber lasers,
fiber amplifiers and diode lasers that are used in numerous
applications in diverse end markets. IPG has its headquarters in
Oxford, Massachusetts, and has additional plants and offices
throughout the world. For more information, please visit
www.ipgphotonics.com.
The issuer may file a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
issuer has filed with the SEC for more complete information about
the issuer and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the Company will arrange to send you the prospectus
after filing if you request it by calling toll-free
1-877-980-1550.
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