Materialise (MTLS) IPO Priced at $12.00/share, Begins Trading Today

RAPID

Share this Article

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 mat-1much 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 overmat-2 500,000 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.

mat-feat

 

Share this Article


Recent News

Integrating Innovation with Compassion: Enhancing Patient Care at Kenney Orthopedics

LEAP 71’s AI-Designed Rocket Engine Passes First Hot-Fire Test



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

2024 NASA Grants Feature Top 3D Printing Tech

NASA has again proven its commitment to innovation by awarding nearly 250 small business teams funding to develop cutting-edge technologies. This year’s Phase 1 Small Business Innovation Research (SBIR) and...

Featured

EOS Metal 3D Printers to Feature nLight Lasers

nLIGHT, the U.S.-based maker of semiconductor fiber lasers, has signed a Letter of Intent (LOI) with laser powder bed fusion (LPBF) system manufacturer EOS to collaborate on beam shaping lasers...

The Only Thing I Actually Use AI for Currently

I’d like to apologize in advance for this artificial intelligence (AI) story. I try to avoid talking about AI, machine learning (ML) and all that jazz. Many of the stories...

3D Printing Webinar and Event Roundup: June 9, 2024

It’s another busy week of 3D printing events, with a few webinars thrown in the mix as well! Advanced Manufacturing for Defense by IDGA, in collaboration with ASTM International, is...