Thursday, June 14, 2012

Rapid Prototyper 3D Systems Offers Stock at a Discount, Market Trades Down to Discount (DDD)

From MarketWatch:
3D Systems 3.7M-share offer priced 8.7% discount
3D Systems Corp.'s DDD -3.35% public offering of 3.7 million common shares priced at an 8.7% discount to Wednesday's close. 

Shares were down 4.6% at $28.19 in light premarket trading, but up from the offering's price of $27 each.
The 3D printing-services provider said late Tuesday it planned to use the proceeds for future acquisitions, working capital and general corporate purposes. 
Not quite as smooth as the acquisition of Objet by Stratasys where the acquiror traded up but it is a sign that these guys are willing to take the short term hit to strengthen the company for the long haul.