On 3D Printing » Paramount Ind http://on3dprinting.com Tracking the emerging 3D Printing revolution! Wed, 22 Oct 2014 21:32:33 +0000 en-US hourly 1 3D Systems to Raise $100 Million in Common Stock for Acquisitions http://on3dprinting.com/2012/06/13/3d-systems-to-raise-100-million-in-common-stock-for-acquisitions/?utm_source=rss&utm_medium=rss&utm_campaign=3d-systems-to-raise-100-million-in-common-stock-for-acquisitions http://on3dprinting.com/2012/06/13/3d-systems-to-raise-100-million-in-common-stock-for-acquisitions/#comments Wed, 13 Jun 2012 14:46:55 +0000 http://on3dprinting.com/?p=909 3D Systems logo

3D printer manufacturer 3D Systems (NYSE:DDD) announced that it will raise $100 million by selling common stock.

[The company] intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes.

The market did not respond well to this announcement, and shares dropped 6% in after hours trading. Their market capitalization this morning is $1.57 billion.

3D Systems has recently been on an acquisition bender:

  • Bespoke Innovations in May for 3D printed personalized prosthetics
  • FreshFiber in May 2012 for 3D printed electronics accessories
  • My Robot Nation in April 2012 for creative solutions to support 3D printing community Cubify for kids and adults
  • Paramount Industries in April 2012  to advance aerospace and medical device 3D printing

3D Systems also posted a healthy Q1 with record revenue and printer units sold. We reported how 3D printing stocks are hot, up 180% over 6 months and beating out the stock market indices.

Based on this announcement, it appears that more consolidation is on the roadmap for the 3D printing industry, and that 3D Systems is looking to take an early lead as juggernaut in the market.

 

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