Company sells ADS through Piper Jaffray, Citigroup, Cowen and Stephens
By Devika Patel
Knoxville, Tenn., April 11 - voxeljet AG said it priced its $45 million public offering of American Depositary Shares with a $6.75 million greenshoe. The deal was announced April 7.
The company will sell 3 million ADS at $15.00 apiece. The price per ADS is a 19.14% discount to the April 10 closing share price of $18.55. Each ADS represents one-fifth of an ordinary share.
Piper Jaffray and Citigroup are the joint bookrunning managers.
Settlement is expected April 16.
Proceeds will be used for research and development, sales and marketing, expansion of the company's on-demand parts service center, establishing new on-demand parts service centers in North America and Asia and general corporate purposes, including acquisitions.
The provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers is based in Friedberg, Germany.
| Issuer: | voxeljet AG
|
| Issue: | American Depositary Shares
|
| Amount: | $45 million
|
| Greenshoe: | $6.75 million
|
| ADS: | 3 million
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunners: | Piper Jaffray and Citigroup
|
| Co-managers: | Cowen and Co. and Stephens Inc.
|
| Announcement date: | April 7
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Stock exchange: | NYSE: VJET
|
| Stock price: | $18.55 at close April 10
|
| Market capitalization: | $241.6 million
|
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