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ExOne under pressure on pricing stock offering

Feb. 10, 2021 8:25 AM ETDesktop Metal, Inc. (DM) StockBy: SA News Team
  • ExOne (XONE) traded 7.2% down premarket after pricing its underwritten public offering of 1.67M shares at $54/share; underwriters granted 30-day option to purchase up to an additional 205,907 shares.
  • Gross proceeds expected to be ~$90M.
  • Proceeds to be used for working capital and general corporate purposes, including strategic investments.
  • Offer closing expected on or about Feb.12.

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