Robo’s founders and existing employees will continue to operate the business from its San Diego headquarters, albeit with some direction from a group of accomplished consumer electronics professionals; the previous directors of Falcon Minerals Limited have resigned. Robo was originally founded in 2012 by a group of San Diego State University students. They had their first successful Kickstarter campaign that same year, and delivered the first model to customers in 2013. They are now a leading brand in the desktop 3D printing segment, and today’s public listing follows right on the heels of their recent holiday shipment of the Robo C2. Managing director of Robo Ryan Legudi says the IPO is a major victory for the company, and is highlighting its bright future in consumer electronics.Braydon Moreno, co-founder of Robo, said, “Today’s announcement marks a huge step forward in how we continue to pursue our vision as influencers – ensuring we remain steadfast to our principles as a young and hungry team with an original mission, which has always been to give people a tactile means of expressing their full creative potential through simple, easy-to-use and next-gen 3D printing techniques.”
“Getting to this point was a monumental task – as all great things are. I’m so proud of the foresight and hard work by everyone who’ve brought this across the finish line, knowing that we’re now fully positioned to further change the landscape of 3D printing in bold, inventive new ways as the market continues to grow and evolve,” said Legudi.
According to a recent report by Gartner, Inc., they are forecasting that worldwide shipments of 3D printers are expected to more than double by the end of 2016, reaching an estimated 455,772 units, in comparison to the 219,168 units shipped in 2015. By 2020, those numbers will likely exceed 6.7 million. The need is primarily driven by educational institutions, marketing and creative departments, and enterprise engineering, all of which rely on accessible, high-quality 3D printers that cost less than $2,500. Discuss in the Robo forum at 3DPB.com.