Associated Press
Shares Soared After German 3-D Printer’s I.P.O. Debut
By ASSOCIATED PRESS
Published: October 18, 2013
Shares of Voxeljet more than doubled after the company, which makes 3-D printers, raised $84.5 million in its initial public offering. Voxeljet, based in Friedberg, Germany, sells its printers to companies in the automotive, aerospace, film, engineering, medical and consumer products industries. Its technology was used to make three Aston Martin model cars used as props in the James Bond film “Skyfall.” The company priced 6.5 million American depositary receipts at $13 each. The shares rose $15.80, or 122 percent, to close at $28.80 Friday after trading as high as $29.06. Voxeljet expects to use the money raised to expand its service center in Europe and open new service centers in North America and Asia.
Trading symbol: New York Stock Exchange — VJET |
