Materialise has announced that on Wednesday they filed with the SEC to raise as much as $125 million via an initial public offering. The company is looking to expand its core additive manufacturing software business as well as taking patient-specific healthcare to new heights by working with surgeons to come up with ways in which 3D printing can help in the execution of complicated procedures.
Materialise, based in Belgium, primarily provides 3d printing / additive manufacturing software to both industrial manufacturers and makers of medical equipment. Some of their clients include Airbus, Boeing, and Ford Motor Co. They are also inching their way into the consumer based side of things.
Last year the company’s revenue rose 16 percent to $94.6 million, and continued growth is certainly on the horizon. Piper Jaffray and Credit Suisse are the joint bookrunners on this IPO deal. Specific terms of the IPO, such as the number of shares to be offered, or the price per share, were not released by the company.
Materialise will join several 3D printing companies which are listed on the U.S. exchanges, as well as a few which have gone public recently. VoxelJet was the last to go public in the U.S., and after major gains to its share price following its IPO, the shares have dropped in value in the last four months. Discuss the Materialise IPO at 3DPrintBoard.
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