IPG Photonics Corporation Announces Exercise of Option to Purchase Additional Shares
OXFORD, Mass.--(BUSINESS WIRE)--
IPG Photonics Corporation (Nasdaq Global Market: IPGP) ("IPG" or the
"Company") 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.
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.
IPG Photonics Corporation
Tim Mammen, 508-373-1100
Chief
Financial Officer
or
Sharon Merrill
David Calusdian,
617-542-5300
Executive Vice President
Source: IPG Photonics Corporation
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