The Samsung Ventures-backed laser manufacturing technology developer popped 56% after floating above its range last week.
US-based laser technology developer nLight has raised $96m in an initial public offering that scored an exit for Samsung Ventures, a corporate venturing subsidiary of electronics producer Samsung.
The offering consisted of 6 million shares priced at $16 each, above its $13 to $15 range. The company’s stock opened at $23.00 on its first day of trading on the Nasdaq Global Market and closed at $25.01 on Friday, giving it a market capitalisation of just over $840m.
Founded in…
