3D Systems (DDD) to Price Common Offering After Markets Close May 9th

May 8, 2013 11:23 AM EDT
3D Systems Corp. (NYSE: DDD) anticipates pricing its previously announced, anticipated offering to sell shares of its common stock after the close of trading on the New York Stock Exchange on Thursday, May 9, 2013. On May 7, 2013, the company announced a proposed underwritten public offering of approximately $250 million. In addition to the $250 million from 3D Systems, certain stockholders, including certain officers and directors and their affiliates, are offering an aggregate of approximately 1.3 million shares in the offering.

3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders.

Needham & Company, LLC is acting as the Sole Book-Running Manager of the offering and Canaccord Genuity Inc. and Piper Jaffray & Co. are acting as Co-Lead Managers.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Equity Offerings, Hot Corp. News, Trader Talk, Trading Halts

Related Entities

Piper Jaffray, Needham & Company, Canaccord Genuity

Add Your Comment