Nano-cap Laser Photonics prices $15 million IPO at $5, making laser-based maintenance systems
September 30, 2022
Laser Photonics, which manufactures laser-based systems for industrial cleaning and rust removal, raised $15 million by offering 3 million shares at $5. At pricing, the company commands a market value of $39 million.
Because the company is listing with an IPO market cap of less than $50 million, it will be excluded from our 2022 IPO stats.
The Orlando, FL-based company plans to list on the Nasdaq under the symbol LASE. Alexander Capital acted as sole bookrunner on the deal.
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Sep 30, 2022 12:41 PM EDT – Market open