Tag Archives: IPO
Today, on its official first day as a public company, the stock VJET opened at $20 and has already increased to $22, up 70% from its initial targeted price. At this price, voxeljet has nearly a $350 million market capitalization.
Traders are expressing their enthusiasm for 3D printing stocks on Twitter.
— Falken Trader (@FalkenTrader) October 18, 2013
3D printer company voxeljet sets terms for $91 million IPO
Germany-based voxeljet is a leading provider of 3D printers and on-demand parts services. Earlier this week, the company announced terms for its planned IPO, where it plans to list under the symbol VJET on the NYSE.
voxeljet is raising $91 million through an offering of 6.5 million shares priced at $13 to $15 per share. This would give voxeljet a market cap of over $300 million.
A deeper look at voxeljet (NYSE:VJET)
For a deeper look at voxeljet, we combined our own research with data from an in-depth analysis by 3DPrintingStocks.com contributor Gary Anderson.
voxeljet AG was founded in 1999 and its headquarters is located in Friedberg, Germany, about 60 kilometers outside of Munich.
The company sold its first 3D printer in 2002 and has installed 52 printers worldwide as of June 30, 2013. 53% of sales to date have been outside of Germany and major customers include Ford, 3M, Daimler AG, BMW, and Hyundai. 3D Systems has also been a distributor of voxeljet printers since 2011.
“voxeljet printer systems and services are aimed squarely at commercial applications in the automotive, architecture, aerospace, medical/orthopedic, engineering, and defense industries,” wrote 3DPrintingStocks.com. The vast majority of 3D printing industry sales comes from these industrial sectors, and therefore voxeljet competes with companies such as 3D Systems and Stratasys, who have multi-billion dollar market capitalizations.
voxeljet operates two primary business divisions:
- voxeljet SYSTEMS business division focuses on the development, production and distribution of the market´s fastest and most powerful 3D printing systems. Today, voxeljet has a well-coordinated product range that reaches from smaller entry models to large-format machines, and therefore offers the perfect 3D print system for many application areas.
- voxeljet SERVICES custom parts service centre creates sand moulds and plastic models based on CAD data on demand. Small-batch and prototype manufacturers appreciate the automatic, patternless manufacture of their casting moulds and 3D models.The company’s customer base includes well-known automotive manufacturers and their suppliers, foundries as well as innovative companies from the arts design as well as the movie and entertainment industry.
voxeljet booked $11 million in sales for the 12 months ended June 30, 2013. This is quite small compared to Stratasys ($359mm) and 3D Systems ($354mm), but within the ballpark of ExOne ($29mm) and Arcam AB ($22mm).
The company’s production facilities now stand at 16,000 square feet and are undergoing expansion to over 40,000 square feet. Proceeds from the IPO are for the establishment of new service centers in North America and Asia, research and development, sales and marketing initiatives, and “general corporate purposes including potential acquisitions”.
The video below showcases the VXC800, the world’s first continuous 3D printer.
voxeljet received some fame in 2012 for fabricating stunt-double Aston Martin cars used in the James Bond action flick “Skyfall.”
For more details on the company’s technology and patents, products and services, and key financials from their recent F-1 filing, read more analysis at 3DPrintingStocks.com.
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3D printing firm ExOne has filed to go public. Based in North Huntingdon, PA, ExOne plans to raise up to $75 million in an IPO and list on the NASDAQ with the symbol XONE. The company’s latest annual revenue figure was $19 million.
Founded in 2003, ExOne develops 3D printing and additive manufacturing technology. As described on their website:
Our process solutions give manufacturers the freedom to produce objects that have virtually unlimited design complexity. We collaborate with our clients through the entire development and production process so that they are able to “materialize” new concepts — designs, prototypes, and production parts — precisely when needed. Production scale is irrelevant and lot quantities of one are just as efficient as lot quantities of one thousand. We offer both the services and the equipment to enable point-of-use manufacturing using additive manufacturing processes.
We support the use of traditional industrial strength materials ranging from metals to ceramics to glass, all used in revolutionary ways. Our full range of offerings also includes services and equipment for fabricating on a “micro” scale, which enables machining of small features with precision and speed. ExOne is the optimal partner for any industrial manufacturer who is transitioning their manufacturing business to the digital age.
Below is a video showing ExOne’s digital part materialization (3D printing) process for printing sand casting molds and cores, beginning with a digital file, going through solidification analysis, printing and finally casting a finished industrial part.
See our other posts about 3D printing stocks.