Feb.7, 2013

ExOne, a 3D printer manufacturer, 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.

ExOne was founded in 2005 and booked $19 million in sales for the 12 months ended 9/30/2012. The company's revenue in 2010 is $ 13.4 million, in 2011 $ 15.3 million. EBITDA (profit before interest, taxes, depreciation and amortization) in the first nine months of 2012 was $ 8.9 million, $ 2.3 million in the first nine months of 2011.

ExOne plans to list on the NASDAQ under the symbol XONE. It is expected to price during the week of February 4, 2013.

(Credit: ExOne | imegu)


Source: Renaissancecapital






Posted in 3D Printing Company


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