3D printing play Voxeljet delivers strong IPO

|By:, SA News Editor

After pricing its 6.5M-share IPO at $13 (the low end of a $13-$15 range) German 3D printer maker Voxeljet (VJET) opened at $20 and is now at $22.39, up 72.2%. That gives the company a market cap of $349M.

Voxeljet had 1H revenue of $5.8M (-4% Y/Y), and a net loss of $489K. In 2012, the company had revenue of $11.3M, and a net profit of $276K.

ExOne (XONE +2.2%), another high-end 3D printing firm with a relatively small revenue base and a sub-$1B market, could be rallying in sympathy.

F-1, IPO preview