I've mentioned that XONE has some technology more sophisticated than Stratasys or 3D systems but it's not that sophisticated.
From Renaissance Capital via NASDAQ:
3D printing company ExOne increases range, adds insider selling for $90 million IPO
ExOne, a provider of 3D printing machines and printed products to industrial customers, raised the proposed deal size for its upcoming IPO on Wednesday. The North Huntingdon, PA-based company now plans to raise $90 million by offering 5.3 million shares (6% insider) at a price range of $16 to $18. The company had previously filed to offer 5.0 million shares at a range of $14 to $16. At the midpoint of the revised range, ExOne will raise 20% greater proceeds than previously anticipated.At the close 26.52 up $8.52 from the $18.00 pricing, which was already at the high end of FBR's range.
ExOne, which was founded in 2005 and booked $19 million in sales for the 12 months ended 9/30/2012, plans to list on the NASDAQ under the symbol XONE. FBR Capital Markets is the lead bookrunner on the deal. It is expected to price during the week of February 4, 2013.
And from the Wall Street Journal:
ExOne Shoots Higher in Debut
Shares of ExOne Co. rose in their public-trading debut, as the printer plugged in to investor enthusiasm for its three-dimensional products.
Shares opened at $23.66 on the Nasdaq Stock Market NDAQ +0.93% on Thursday, advancing 31% beyond their $18 offer price, then traded at $25 recently.Previously:
ExOne, of North Huntingdon, Penn., makes machines that build 3-D models and components. Most of its customers are in the aerospace, automotive and heavy-equipment industries. The machines cost as much as $1.4 million, and ExOne says it counts customers that include Caterpillar Inc., CAT -1.80% Ford Motor Co. F -1.08% and Boeing Co. BA +1.48%
ExOne raised the size of its deal on the eve of the offering, boosting by 300,000 the number of shares issued and raising the price range for its stock. The deal brought in $95.4 million, up from the $80 million originally listed as the high end for proceeds to be raised in prospectus documents filed with the Securities and Exchange Commission.
The healthy investor appetite for ExOne shares comes as peers such as 3D Systems Corp. DDD -2.11% and Stratasys Ltd. SSYS -1.06% have seen their stock prices triple and double in the past year, respectively....MORE
3D Printer Co. ExOne Files for $75 Million IPO (XONE)
3D Printing Company ExOne Sets Terms for $75 Million IPO (XONE)
It's IPO Week: "8 US IPOs planned for the week of Feb 4" (BCC; XONE)
