Stratasys 3-D printing company nets $462M via public offering
3-D printer manufacturer Stratasys Ltd. today reported it has closed its previously announced public offering.
The company sold more than 5 million ordinary shares at a public offering price of $93 per share for net offering proceeds of approximating $462.8 million, after underwriting discounts, commissions and other estimated offering expenses. J.P. Morgan acted as sole book-running manager for the offering with Piper Jaffray, Morgan Stanley, BofA Merrill Lynch and Needham & Company acting as co-managers.
Further information on the offering, including a registration statement relating to the ordinary shares and a final prospectus supplement, is available at sec.gov.
Stratasys Ltd. was formed in 2012 by the merger of 3-D printing companies Stratasys Inc. and Objet Ltd., based respectively in Minneapolis and Rehovot, Israel.
[ photo courtesy of Stratasys ]
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About The Author
Mike Davin
Mike Davin is passionate about business and robotics. In addition to editing The Business of Robotics, he is on the advisory board for the Robotics Alley Conference & Expo. He also serves on the executive committee of AUVSI Twin Cities as communications chair. Before he covered robots, he was senior editor of Boating Industry magazine as well as online editor of its sister publication, Powersports Business.