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nLight prices upsized $96 million IPO above the range at $16

April 25, 2018
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nLight, a leading manufacturer of high-power semiconductor and fiber lasers, raised $96 million by offering 6.0 million shares at $16, above the proposed range. The company raised 27% more proceeds than anticipated; it originally filed to offer 5.4 million shares at a range of $13 to $15. nLight plans to list on the Nasdaq under the symbol LASR. Stifel and Raymond James acted as lead managers on the deal.