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.
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