ExOne jumps in 1st day of trading as public co.
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Source: Business News
Originally published: Feb 7, 2013 - 10:04 am
Originally published: Feb 7, 2013 - 10:04 am
NEW YORK (AP) - Shares of ExOne are soaring more than 45 percent on the 3D printer maker's first day as a publicly traded company.
The company's initial public offering of 5.3 million shares raised $95.4 million. The IPO includes 5 million shares being sold by ExOne and 300,000 shares being sold by Rockwell Holdings Inc., which has ties to ExOne Chairman and CEO S. Kent Rockwell.
The IPO priced at $18 each, the high end of its $16 to $18 range.
The underwriters have a 30-day option to buy up to an additional 483,333 shares from ExOne Co. and 311,667 shares from Rockwell Holdings to cover any excess demand.
Shares rose $8.25 to $26.25. The shares opened at $23.66 on Thursday.
The stock is trading on the Nasdaq under the "XONE" ticker symbol.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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