Another 3D Printing Firm Set for IPO

October 17, 2013 by Paul Ausick

Garden gnomesGermany-based Voxeljet A.G. is expected to price its initial public offering (IPO) Thursday night and offer the shares for sale Friday morning. The 3D printer maker is scheduled to price 6.5 million shares in a range of $13 to $15, and it expects to raise about $100 million from the offering. The stock will trade on the New York Stock Exchange under the ticker symbol VJET.

Voxeljet makes large-format 3D printing devices and provides on-demand parts services to industrial and commercial customers. In its IPO filing, the company claimed an installed base of 52 printers worldwide and 2012 revenues of €8.7 million ($11.9 million), up from €4.8 million in 2010. As of June 30, the company said the value of its backlog totals €5.1 million.

The company plans to use the net proceeds of the IPO to expand its on-demand parts service center in Europe and to build new on-demand parts service centers in North America and Asia. Voxeljet also expects to boost its R&D and sales and marketing investments. Part of the proceeds also will go to general corporate purposes, including potential acquisitions.

The most recent IPO in the 3D printing sector was The ExOne Co. (NASDAQ: XONE), which came public in February at $18 a share, before rising to a post-IPO high of $78.80 a share. Shares now are trading near $52. ExOne’s market cap is around $758 million.

3D Systems Inc. (NYSE: DDD) and Stratasys Ltd. (NASDAQ: SSYS) claim market caps of about $5.76 billion and $4.3 billion, respectively. Shares of 3D Systems are up nearly 29% year-to-date, and shares of Stratasys are about 33% higher.

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.