IPG Photonics Corporation Announces Exercise of Option to Purchase Additional Shares
IPG Photonics Corporation (Nasdaq: IPGP) today announced that the underwriters of its public offering of 3,000,000 shares of its common stock exercised their option to purchase 450,000 additional shares from the Company at the public offering price of $54.30, less underwriting discounts and commissions.
BofA Merrill Lynch served as sole bookrunning manager for this offering and Needham & Company and Stifel Nicolaus Weisel served as co-managers.
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