IPG Photonics closes public stock offering

IPG stock offering closed.

OXFORD, Mass.- The world’s leading manufacturer of fiber lasers for industrial material processing applications such as cutting, welding and marking,IPG Photonics Corporation (Nasdaq Global Market: IPGP) closed, on March 7, its public offering of 3,000,000 shares of its common stock, consisting of 2,800,000 shares sold by the Company and 200,000 shares sold by the Company’s chairman and chief executive officer, Dr. Valentin P. Gapontsev. The price per share in the public offering was $54.30, resulting in net proceeds to the Company, after underwriting discounts and commissions, and estimated transaction expenses, of $144.7 million. The Company did not receive any proceeds from the sale of shares in the offering by Dr. Gapontsev.

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.

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