Samsung-backed nLight Photonics has filed for an initial public offering, aiming to raise approximately $86.3m when it floats on the Nasdaq Global Market.
NLight Photonics, a US-based laser technology producer backed by consumer electronics manufacturer Samsung, has filed for an $86.3m initial public offering on the Nasdaq Global Market.
Founded in 2000, nLight produces high-power semiconductor and fibre lasers. The company targets a wide range of verticals, with a core focus on the industrial, microfabrication and aerospace and defence sectors.
The company expects to use the proceeds for working capital and may also seek to make acquisitions of or investments in other businesses,…
