- This topic has 0 replies, 1 voice, and was last updated 9 years, 9 months ago by
.
-
Posts
-
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.
- You must be logged in to reply to this topic.