At the end of last year and beginning of this year, 3D printing stocks were on fire. Any company related to 3D printing could have entered the market via an IPO, or reverse merger, and instantly obtained a valuation, likely much higher than if they were to go public today. With that said, the fact that the 3D printing sector is down as of late, has not made Belgium based company, Materialise change course. Today Materialise CEO, Wilfried rang the opening bell for the NASDAQ, and the company’s shares (MTLS) began trading for the very first time.
The initial public offering was priced at $12 per share, which was the lower end of the expected price range of $12 – $14 for the shares. Shares began trading shortly after the opening of the market, and quickly jumped around between $11.06 and $12.00/share.
The company which specializes in the 3D printing of prototypes as a service for their clients, is headquartered in Belgium. They operate RapidFit which is a service that provides 3D printed customized fixtures, jigs, and control solutions to clients. They also run i.materialize which is an online 3D printing service. In 2013 alone, the company manufactured over 500,000 medical devices, production parts, and prototypes, while generating €68.7 million in revenue, which represented a 16.3 percent growth year over year. For the first quarter of 2014 they broke even in terms of net income.
The company used Piper Jaffray and Credit Suisse as their joint book-running mangers for the offering of 8 million shares, which will raise the company approximately $96 million in funding.
Founded in 1990, and employing 997 people, Materialise could grow substantially over the coming years, as they put to use their IPO funding and expand their business in scope and scale. The offering will give investors another pure play additive manufacturing stock to consider investing into, as the sector seems to have leveled off in recent weeks. Let us know if you plan on investing in this new stock in the Materialise (MTLS) forum thread on 3DPB.com At the time this article was published, shares of Materialise were trading at $11.57/share.
You May Also Like
3D Printing News Briefs: October 10, 2019
We’re talking about events and business today in 3D Printing News Briefs. In November, Cincinnati Inc. is presenting at FABTECH, and Additive Manufacturing Technologies and XJet are heading off to...
Roboze Improving Quality of 3D Printed Parts with Pre-Drying and Heating Equipment
It’s October, which means that this year’s formnext is fast approaching. From November 19-22, thousands of people will descend on Frankfurt to network, see what’s new in the AM industry,...
Cubicure & Evonik Develop One Component Resin System For Flexible Polyesters Through Hot Lithography
Cubicure and Evonik continue on within the 3D printing realm, leading the evolution of materials science with research and development of polyester resins. Focusing on additive manufacturing processes, this joint...
Formnext Start-up Challenge Announces Five Winning 3D Printing Startups
We’re several days into September now, which means that it’s only two short months until this year’s Formnext exhibition and conference in Germany. But before its November event, Formnext holds...
View our broad assortment of in house and third party products.