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3D Systems Corp Announces Expected Timing Of Pricing Of Public Offering Of Common Stock


Wednesday, 8 May 2013 11:21am EDT 

3D Systems Corp announced that it 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 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. 

Company Quote

37.5
2.35 +6.69%
24 Nov 2014