December 13, 2006, Oxford, MA--IPG Photonics Corporation announced the pricing of its initial public offering of 9 million shares of common stock at $16.50 per share. Beginning on December 13, 2006, the shares are expected to be quoted on the Nasdaq Global Market under the symbol "IPGP." 6,241,379 shares are being sold by the company and 2,758,621 shares are being sold by certain existing stockholders of the company.

IPG will receive net proceeds from the offering of approximately $93 million. IPG intends to use the net proceeds from the offering to repurchase its series B warrants, to repay certain of the company's outstanding indebtness and for general corporate purposes.

Merrill Lynch & Co. and Lehman Brothers have acted as joint book-running managers for the offering. Needham & Company, Jefferies & Company and Thomas Weisel Partners LLC have acted as co-managers of the offering.

Wed Dec 13 10:15:00 CST 2006