IPG Photonics Sets Terms

IPG Photonics Corp., an Oxford, Mass.-based maker of fiber lasers and amplifiers, has set its proposed IPO terms to 9 million common shares being offered at between $13.50 and $15.50 per share. It plans to trade on the Nasdaq under ticker symbol IPGP, with Merrill Lynch and Lehman Brothers serving as co-lead underwriters. Private equity backers include TA Associates, Merrill Lynch, Apax Partners, Winston Partners, Robertson Stephens and Marconi Ventures. www.ipgphotonics.com