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Laser Photonics IPO Trades Lower on Open

Published 09/30/2022, 10:42 AM
Updated 09/30/2022, 10:54 AM
© Reuters.  Laser Photonics (LASE) IPO Trades Lower on Open
LASE
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Today's IPO for Laser Photonics Corporation. (LASE) is trading at $3.79 after pricing 3,000,000 shares of common stock at a public offering price of $5.00 per share.

Alexander Capital, LP is acting as sole book-running manager for the offering.

Laser Photonics is a vertically-integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. LPC seeks to disrupt the $46 billion, centuries old, sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications.

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