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.
You May Also Like
AMS 2021: Deconstructing the Timeline to Bioprinted Organs
Automation, healthcare, metal additive manufacturing (AM), and bioprinting were the four big topics discussed at the 2021 Additive Manufacturing Strategies (AMS) summit. The two-day virtual event gathered experts for panel...
US Army and Researchers 3D Print Microfluidic Channels on Curved Surface in an Open Lab
The field of microfluidics continues to grow as it’s used in a variety of applications: tissue engineering, drug screening and delivery, sensors, bioprinting, and more. Microfluidics involves manipulating and controlling...
Aspect Biosystems to Deliver Two Bioprinters to Researchers via New Grant Program
Pioneering microfluidic bioprinting company Aspect Biosystems launched a new grant program for research labs, enhancing the use of 3D bioprinting technology. The Vancouver-based biotechnology firm will choose two winners that...
Organovo’s Keith Murphy Back as Executive Chairman
Founder and former CEO of Organovo, Keith Murphy, is back as the company’s newly appointed Executive Chairman of the Board. The news comes three years after Murphy left the pioneering...
View our broad assortment of in house and third party products.