After hours $39.71, down 6.83%.
From the Company via NASDAQ:
3D Systems Announces Proposed Public Offering of Common Stock
3D Systems (NYSE:DDD) announced today that it is offering to sell shares of its common stock in an underwritten public offering of approximately $250 million. In addition to the $250 million from 3D Systems, certain stockholders, including certain officers and directors and their affiliates, are offering an aggregate of approximately 1.3 million shares in the offering. The Company and those stockholders also expect to grant 30-day options to the underwriters, exercisable on a pro rata basis, to purchase up to an additional 15% of the offered shares if the other offered shares are sold.HT: Barron's Tech Trader Daily
3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders.
Needham & Company, LLC is acting as the Sole Book-Running Manager of the offering and Canaccord Genuity Inc. and Piper Jaffray & Co. are acting as Co-Lead Managers....MORE
