Proto Labs (PRLB) IPO Prices at $16, Above Expected Range
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Proto Labs (NYSE: PRLB) priced its IPO of 4,300,000 shares at $16, above the expected $13-$15 range. Shares are expected to open shortly after the open on the NYSE under the symbol "PRLB."
The offering was led by Jefferies and Piper Jaffray.
Proto Labs is a leading online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production.
23,187,708 shares are expected to be outstanding following the offering.
The company reported revenue for the year ended December 31, 2011 of $98.94 million, up from $64.92 million in 2010. Diluted EPS was $0.67 in 2011, up from $0.34 in 2010.
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The offering was led by Jefferies and Piper Jaffray.
Proto Labs is a leading online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production.
23,187,708 shares are expected to be outstanding following the offering.
The company reported revenue for the year ended December 31, 2011 of $98.94 million, up from $64.92 million in 2010. Diluted EPS was $0.67 in 2011, up from $0.34 in 2010.
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