Seeking Alpha

ExOne announces 2.66M-share stock offering, shares -1.1% AH

  • ExOne (XONE) is issuing 1.11M new shares, and selling 1.55M shares on behalf of entities associated with chairman/CEO Kent Rockwell. Underwriters have a 398.4K-share overallotment option. (PR)
  • In the S-1, ExOne says it will use the proceeds ($74M based on ExOne's current trading price) to "finance future acquisitions or partnerships and alliances."
  • Bigger rivals 3D Systems and Stratasys have been acquiring companies left and right.
Comments (7)
  • I really wish there was a reasonable way to short XONE. Last time I checked their shares cost 80% to borrow!
    21 Aug 2013, 06:20 PM Reply Like
  • It was 33% for me on IB. But they just didnt have enough shares, so when someone sold and it went to a different broker, my shares kept being called back. Really wish there was options.
    21 Aug 2013, 09:21 PM Reply Like
  • I'm happy to have it as a smaller member of my 3D printing basket of stocks.
    Doubt that I'm smart to pick THE winner out of these companies but I doubt that XONE can lose so big that it will sabotage the basket either.
    Besides if XONE stock drops too much then it will likely get acquired such is the interest in this technology.
    21 Aug 2013, 09:18 PM Reply Like
  • Arcam AB (AMAVF) would make a good fit for ExOne, but they better move fast because their share price hasn't been sitting still lately.

     

    Other potential 3D metals candidate might be EOS?
    21 Aug 2013, 09:18 PM Reply Like
  • Hmm...maybe they are acquiring ONVO... :-)
    21 Aug 2013, 10:01 PM Reply Like
  • I doubt biotech is a really logical direction for expansion for them... but you never know.
    22 Aug 2013, 01:52 AM Reply Like
  • That's a little over 8% dilution. I'm really glad I sold on Monday. I got burned big time by the ONVO share issue. Eating 2 spo sausages within 2 weeks would have made me feel as if they are just out to get me.
    22 Aug 2013, 12:07 AM Reply Like
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