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3D Printer Maker ExOne Stock Surges in 1st Day Raises $95.4M

Toner News Mobile › Forums › Toner News Main Forums › 3D Printer Maker ExOne Stock Surges in 1st Day Raises $95.4M

Tonernews.com, February 14, 2013. USA
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    3D Printer Maker ExOne Stock Surges in 1st Day Raises $95.4M

    3D printer maker ExOne surges in 1st day as a publicly traded company

    NEW YORK — Shares of ExOne are soaring more than 45 percent on the 3D printer maker’s first day as a publicly traded company.

    The company’s initial public offering of 5.3 million shares raised $95.4 million. The IPO includes 5 million shares being sold by ExOne and 300,000 shares being sold by Rockwell Holdings Inc., which has ties to ExOne Chairman and CEO S. Kent Rockwell.

    The IPO priced at $18 each, the high end of its $16 to $18 range.

    The underwriters have a 30-day option to buy up to an additional 483,333 shares from ExOne Co. and 311,667 shares from Rockwell Holdings to cover any excess demand.

    Shares rose $8.25 to $26.25. The shares opened at $23.66 on Thursday.

    The stock is trading on the Nasdaq under the “XONE” ticker symbol.

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    February 14, 2013 at 8:17 AM
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