nLight, which manufactures high-power semiconductor and fiber lasers, announced terms for its IPO on Monday.
The Vancouver, WA-based company plans to raise $76 million by offering 5.4 million shares at a price range of $13 to $15. At the midpoint of the proposed range, nLight would command a fully diluted market value of $533 million and an enterprise value of $446 million.
nLight was founded in 2000 and booked $139 million in sales for the 12 months ended December 31, 2017. It plans to list on the Nasdaq under the symbol LASR. Stifel and Raymond James are the joint bookrunners on the deal. It is expected to price during the week of April 23, 2018.
