3D Systems Corp. (DDD) Prices 5.95M Secondary Offering; Sees Gross Proceeds of ~$317M
Get Alerts DDD Hot Sheet
Join SI Premium – FREE
3D Systems Corp. (NYSE: DDD) has priced a public offering of 5,950,000 shares of its common stock for estimated total gross proceeds of approximately $317 million (~$53.28/share). In connection with the offering, the Company has granted to the underwriter an option for 30 days to purchase up to 892,500 additional shares of common stock. The offering is subject to customary closing conditions and is expected to close on or about May 30, 2014.
3D Systems intends to use the net proceeds from the offering to finance future acquisitions and for working capital and general corporate purposes.
Canaccord Genuity is acting as the underwriter for the offering.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Enphase Energy (ENPH) PT Lowered to $130 at Canaccord Genuity
- Red Violet (RDVT) Announces Board Changes
- AZZ, Inc. (AZZ) Announces Proposed 4M Share Offering
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsRelated Entities
Canaccord GenuitySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!