Seeking Alpha

Voxeljet -16.3% premarket after downsizing, pricing offering

  • After announcing plans to sell 4M shares (3M from the company, 1M from existing holders) on Monday afternoon Voxeljet (VJET) has decided to sell just 3M (all from the company itself) at a price of $15. Underwriters have a 450K-share overallotment option.
  • The offering price is19% below yesterday's closing price of $18.55, and 38% below Monday's closing price of $24.35. Voxeljet expects net proceeds of $41.4M.
  • Shares have made new post-IPO lows, and are closing in on an October IPO price of $13. An April 16 lockup expiration looms.
Comments (2)
  • Transcripts&10-K's
    , contributor
    Comments (686) | Send Message
     
    At $15.50, VJET will be down more than 60% year to date; speculation can be quite painful when reality sets in...
    11 Apr, 09:21 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (7872) | Send Message
     
    See Gartner's Emergent Technology Hype Cycle Chart. Soon, all 3DP stocks will find themselves in what is known as Gartner's "valley of disillusionment". And only then, reality sets in; one quarter at a time...
    11 Apr, 09:42 AM Reply Like
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