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Stock impact report

Laser Photonics stock falls 24% following $15M IPO [Seeking Alpha]

Laser Photonics Corporation (LASE) 
Company Research Source: Seeking Alpha
Laser Photonics stock falls 24% following $15M IPOSep. 30, 2022 11:59 AM ETLaser Photonics Corporation (LASE)By:Val KennedySA News Editor2d illustrations and photosLaser Photonics (Shares of Laser Photonics opened at $5, recently changing hand at $3.78 at approximately 11:50 a.m. ET. The companyoffered 3M shares at $5 per shareUnderwriters were granted a 45-day option to buy up to 450K additional shares at the IPO price. Alexander Capital is serving as sole bookrunner.Laser Photonics first filed for an IPO in November 2021,seeking $17M.Based in Florida, Laser Photonics develops laser systems for laser cutting, marking, engraving and other industrial purposes. The company reportedrevenue of $11M for 2021. Show less Read more
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