IPG Photonics, a leading provider of optical fiber lasers for the manufacturing, telecommunications and medical markets, priced its 9 million share offering at $16.50, a 14% premium to its proposed $13.50 to $15.50 per share range. The Oxford, MA based company, which has seen its sales grow 62% in the first nine months of 2006 to $101 million, has a 60% share of the expanding fiber laser market. Merrill Lynch and Lehman Brothers served as joint book running managers on the deal. The stock is expected to open for trading on Wednesday morning under the symbol "IPGP" on the Nasdaq Global Market.
