In an announcement that reflects the growth of the 3D printing industry as whole, 3D Systems, the South Carolina based leading global provider of 3D print solutions announced a $250 million stock offering last week.
The official PR from 3DS reads that the company: ‘… is offering to sell shares of its common stock in an underwritten public offering of approximately $250 million. In addition to the $250 million from 3D Systems, certain stockholders, including certain officers and directors and their affiliates, are offering an aggregate of approximately 1.3 million shares in the offering. The Company and those stockholders also expect to grant 30-day options to the underwriters, exercisable on a pro rata basis, to purchase up to an additional 15% of the offered shares if the other offered shares are sold.’
An interesting note from the Stock offering announcement is that the proceeds generated look like they will be used, among other things, to finance acquisitions of yet more companies and products. This suggests that the trend of mergers, buyouts and acquisitions, for which 3DS has made itself the leading proponent in the 3DP sector, will not be stopping any time soon. The most recent acquisition was the announcement that RPDG was joining the 3D Systems’ fold at the beginning of the month.
This news, together with the news earlier in the week reporting the company’s Q1 results has seen the 3DS share price rise steadily from the dip it took through March and April.
Source: 3D Systems