An earlier version of this story incorrectly stated the number of shares sold through the offering and the amount of money raised. It has since been corrected.
Shares of laser manufacturer nLight Inc. rocketed higher in their first day of trading. The stock, now trading near $23, is up 43% from its listing price of $16. The first trade was executed at 11:05 for $23. NLight sold 6 million shares through the initial public offering, raising $96 million. Stifel and Raymond James were the lead underwriters. NLight made its debut on a strong day for tech IPOs, with shares of software company Ceridian up 36% in their first day of trading. The IPO comes as the Renaissance IPO ETF has posted a 1.4% gain so far in 2018, compared with a 1.3% drop for the S&P 500