IPG Photonics (IPGP) Announces 3M Share Public Offering

February 27, 2012 4:15 PM EST
IPG Photonics (Nasdaq: IPGP) announced it has commenced a public offering of up to 3 million shares of its common stock, consisting of 2.8 million shares to be sold by the company and 200,000 shares to be sold by the company's Chairman and CEO, Dr. Valentin Gapontsev.

The company granted the underwriters a 30-day option to purchase up to an additional 450,00 shares of common stock in order to cover over-allotments.


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