ExOne (XONE) IPO Surges Higher

February 7, 2013 10:03 AM EST
The IPO for ExOne Company (Nasdaq: XONE) opened at $23.66 after pricing 5,300,000 shares at $18, the top of the expected $16-$18 range which was raised from $14-$16.

FBR Capital Markets & Co. is acting as sole book runner for the offering. BB&T Capital Markets, a division of BB&T Securities, LLC, and Stephens Inc. are acting as co-managers.

ExOne is a global provider of 3D printing machines and printed products to industrial customers. ExOne's business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its in‐house 3D printing machines. ExOne offers pre‐production collaboration and prints products through Production Service Centers, which are located in the United States, Germany and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany. ExOne also supplies the associated products, including consumables and replacement parts, and services, including training and technical support, necessary for purchasers of its machines to print products.

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