Seeking Alpha

3D printing play Voxeljet delivers strong IPO

  • 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
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Comments (5)
  • mu5k
    , contributor
    Comments (39) | Send Message
     
    here we go!
    18 Oct 2013, 09:56 AM Reply Like
  • eager1
    , contributor
    Comments (127) | Send Message
     
    The true story is that it priced at $13/share but only insiders get that rate. It opened to the public at just under $20/share and immediately went to $25/share. It then settled back down a few dollars. The market makers will scream and shout that it went from $13 to whatever the close is. I really hate that practice because it is so deceiving. Nevertheless it is a good open and shows the public does want the stock. Bad stocks open and tank.
    18 Oct 2013, 10:34 AM Reply Like
  • rglutz
    , contributor
    Comments (18) | Send Message
     
    no surprise here except that it was priced at low end. Was expecting it to open between 20-25 too, so that was lower because of IPO priced lower. That's good for everyone else wanting to get in. This stock will run up because of other 3D players and this company has a lot of legs for rapid growth. $50-75 range is very plausible within a year if not in 6 months. Remember this will be a momentum stock for awhile when coverage gets initiated like all the other 3D players. Catching it early before it's first pullback, if they have a pullback will be critical. XONE had their negative news but after a great run. DDD and SSYS really haven't had any.
    18 Oct 2013, 11:03 AM Reply Like
  • BA Capital
    , contributor
    Comments (27) | Send Message
     
    XONE didn't get bad news, they just had a huge insider sell off that spooked their stockholders. On all other accounts though, I agree completely.
    18 Oct 2013, 06:45 PM Reply Like
  • eager1
    , contributor
    Comments (127) | Send Message
     
    I agree completely. The added plus for VJET is the fact that they specialize in real large objects.
    18 Oct 2013, 12:08 PM Reply Like
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