IPG Photonics Corporation Announces Closing of Public Stock Offering
March 07 2012 - 1:04PM
Business Wire
IPG Photonics Corporation (Nasdaq Global Market: IPGP) (“IPG” or
the “Company”) today announced the closing of its public offering
of 3,000,000 shares of its common stock, consisting of 2,800,000
shares sold by the Company and 200,000 shares sold by the Company’s
chairman and chief executive officer, Dr. Valentin P. Gapontsev.
The price per share in the public offering was $54.30, resulting in
net proceeds to the Company, after underwriting discounts and
commissions, and estimated transaction expenses, of $144.7 million.
The Company did not receive any proceeds from the sale of shares in
the offering by Dr. Gapontsev.
BofA Merrill Lynch served as sole bookrunning manager for this
offering and Needham & Company and Stifel Nicolaus Weisel
served as co-managers.
An automatic shelf registration statement relating to the
securities offered in this offering was filed with the Securities
and Exchange Commission (the “SEC”) on February 27, 2012. The
offering of these securities was made pursuant to a prospectus
supplement to the prospectus contained in the shelf registration
statement, which prospectus supplement was filed with the SEC on
March 2, 2012. The prospectus and final prospectus supplement are
available at no charge on the SEC’s Web site at www.sec.gov. Copies
of the prospectus and final 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.
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