Underwriters Exercise Option in IPG Photonics (IPGP) Offering
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Price: $108.00 -8.47%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
EPS Growth %: +16.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
EPS Growth %: +16.7%
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IPG Photonics Corporation (Nasdaq: IPGP) 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.
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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