Germany is quickly becoming a power within the 3D printing space. In October, Augsburg-based Voxeljet launched an initial public offering in the United States, and quickly saw its shares skyrocket close to 250%, before coming back down to reality over the last couple of months. Another German company involved in an additive manufacturing technology, called selective laser sintering (SLS), or as they refer to it, selective laser melting (SLM), has recently filed to go public on the Frankfurt exchange in Germany.
After announcing that they will go public earlier this month, SLM Solutions, located in Lubeck, Germany, revealed today that they will offer as many as 11.25 million shares for between 18 and 23 euros a piece in their initial public offering. The IPO will include 4.17 million new shares, issued in a capital increase and 5.73 million existing shares at an issue volume of as much as 237.9 million euros ($328.8 million), according to Reuters. The funding will be used to grow the company’s current business, as well as allow SLM Solutions to enter new verticals within the additive manufacturing industry. Shares of the stock will begin trading on the Frankfurt exchange on May 9th.
Selective laser melting is a process in which an electron beam laser melts metals as they are placed down by a machine. Such technology is able to print out highly accurate 3D objects made out of aluminum, titanium, and other materials. The company already has several high profile clients to their name, including Elon Musk’s Space X, NASA, and General Electric. Last year they brought in approximately $28 million in revenue, but they expect the market to grow substantially in the next few years. Both Credit Suisse (CSGN) Group AG and Deutsche Bank AG are working with the company on this IPO.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
MX – Machining Transformation: Revolutionizing Manufacturing with Additive Technologies
The machining industry is experiencing a profound transformation, propelled by four key trends: Process Integration, Automation, Digital Transformation (DX), and Green Transformation (GX). Central to this evolution are Additive Manufacturing...
The Role of Multiplatform Solutions in Advancing Industrial Large Format 3D Printing
The past tumultuous year in the additive manufacturing industry have led to highs and lows for several companies. The magic recipe that continues to appear to lead to continuous growth...
3D Printing News Briefs, January 25, 2025: ESG & Sustainability, Layoffs, Furniture, & More
We’re starting off with some event news in today’s 3D Printing News Briefs, as AMUG has announced the keynote speakers for its 2025 conference, and Dyndrite starts its World Tour...
Investing in Tooling Innovation is Key to Reshoring Success
Outsourcing and retirement have dramatically shrunk the manufacturing workforce in the U.S., creating a challenge to efforts at reshoring production production. Pictured here is a toolmaker assembling an injection mold,...