Laser Photonics IPO: Date, Stock Price & Complete Review

Initial public offerings or IPOs are known as a great way for investors to make a big profit in a relatively short time. On average, they can bring investors 40% returns in the first 3 months. Once the initial funding stages are out of the way, IPOs can be a great way for companies to gain exposure to the open market, help the company grow by attracting more capital, and improve liquidity.

Laser Photonics Corporation is a company that provides integrated laser-blasting solutions for corrosion control, rust removal, de-coating, pre-welding, post-welding, laser cleaning, and surface conditioning internationally. Despite the boring sound of its offerings, who wouldn't want a laser blaster? It's like having your own personal Jedi weapon (minus the ability to move objects with your mind). I’m sure now you’re just begging to know “is Laser Photonics a public company?”. Keep reading to find out all about Laser Photonics IPO date and price.

Laser Photonics History

Founded in 2019 in Orlando, Florida, Laser Photonics has since established itself as a leading global developer of high-tech laser systems. The company has operations in the Americas, Europe, Asia, the Middle East, and North Africa.

Laser Photonics offers a wide range of laser cleaning systems, including the CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; and the CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system. These systems are used in a variety of industries including aerospace, automotive, defense, nuclear, shipbuilding, and space.

But it's not just about cleaning, Laser Photonics also offers a range of other laser-based products such as laser cutting machines, laser engraving machines, laser marking machines, and 3D metal printers. So, whether you need to blast away rust or create intricate designs on metal, Laser Photonics has got you covered.

Leading the charge at Laser Photonics is CEO, COO, and President, Wayne Tupuola. He brings a wealth of experience to the table, having previously worked at Fonon Corporation as a Director and Vice President of Operations. Under his leadership, Laser Photonics has experienced rapid growth and has solidified its place as a top player in the laser industry. As a result, the company was able to raise the question of “when is Laser Photonics going public?”.

But Laser Photonics isn't just resting on its laser-blasting laurels. The company is constantly innovating and has a team of talented engineers and scientists working on new technologies. In addition to its focus on innovation, Laser Photonics is also committed to sustainability and has implemented eco-friendly initiatives at its facilities.

So, whether you need to clean up a corroded machine or just want to feel like a futuristic space warrior, Laser Photonics has the tools to make it happen. Now let’s dive into Laser Photonics stock IPO.

LASE Public Listing Key Data and IPO Date

LASE IPO Date: 09/29/2022
Ticker: LASE
Exchange: Nasdaq
IPO stock price: $5
Valuation at IPO: $15 mln
CEO: Wayne Tupuola
Category: Industrial

On September 30, 2022, Laser Photonics made its debut on the Nasdaq Capital Market, with shares trading under the ticker symbol "LASE." The Laser Photonics IPO marked a major milestone for the company, as it successfully completed its underwritten IPO of 3 million shares of common stock. The Laser Photonics IPO price offering of $5.00 per share resulted in gross proceeds of $15 million, before underwriting discounts and commissions. In addition, Laser Photonics granted the underwriters an option to purchase up to an additional 450,000 shares of its common stock 45 days after the Laser Photonics IPO date.

Laser Photonics IPO 2022 proceeds will be used primarily for general corporate purposes, including working capital, operating expenses, and capital expenditures. According to CEO, Wayne the Laser Photonics stock IPO date represents a major milestone in the company's strategy to disrupt the $46 billion global industrial market for removing rust and other materials. Traditional methods for these types of applications, such as sandblasting, are extremely hazardous and environmentally destructive, but Laser Photonics’ CleanTech LaserBlasting technologies offer customers a cost-effective and environmentally sustainable alternative.

These products address the corrosion needs of these industries while also addressing the numerous health, safety, environmental, and regulatory issues associated with traditional methods. As a result, Laser Photonics has quickly gained a reputation as an industry leader in industrial laser systems, with a brand that stands for quality, technology, and product innovation.

Alexander Capital, LP acted as the sole book-running manager for the offering, with Culhane Meadows PLLC and Lucosky Brookman LLP serving as co-counsel to Laser Photonics and Cozen O'Connor, P.C. serving as counsel to the underwriters. Laser Photonics going public was a process that began in February of 2022.

Unfortunately, Laser Photonics’ stock did not have a successful first day of trading. Shares of the company opened at $5.00 per share, reaching a high of $5.50 early on before tumbling to a low of $2.56 in the late afternoon. The stock ultimately closed at $2.58, representing a 48% drop from the company's $15 million initial public offering earlier that day. Despite this disappointing start, Laser Photonics remains committed to its mission of revolutionizing the industrial market for materials removal and looks forward to capitalizing on the opportunity to lead the market for laser-blasting, which it believes could last for decades.

So What About Investing Now?

Since its initial public offering in September 2022, Laser Photonics has continued to make a name for itself as a leader in the industrial laser technology industry. The company has been focused on expanding its reach and making strategic partnerships to further solidify its position as a go-to provider of laser-based solutions for surface cleaning, rust removal, corrosion control, de-painting, and other industrial applications.

One of the major developments for Laser Photonics since its IPO has been the expansion of its CleanTech LaserBlasting product line. The company has rolled out several new high-powered laser systems that are designed to be more efficient and effective at cleaning and prepping surfaces for painting and other treatments. These new products have been well-received by customers in a variety of industries, including automotive, manufacturing, shipbuilding, and aerospace.

In addition to expanding its product offerings, Laser Photonics has also been working on increasing its manufacturing capabilities. The company recently opened a new production facility in Orlando, Florida that is specifically designed to produce its CleanTech LaserBlasting systems. This new facility will allow Laser Photonics to ramp up production and meet the growing demand for its products.

Looking to the future, Laser Photonics plans to use the capital raised through its IPO to continue expanding its product line and manufacturing capabilities. The company is also looking at potential acquisitions that would allow it to enter new markets and further diversify its revenue streams.

Overall, Laser Photonics appears to be well-positioned for growth in the coming years. The company's innovative laser technology and a strong focus on quality and customer service have already attracted a number of big-name customers, and there is potential for even more growth as the demand for safer and more environmentally friendly industrial solutions continues to increase. As such, Laser Photonics may be an attractive investment opportunity for those looking to add a promising industrial technology company to their portfolio.