Piper Jaffray and Credit Suisse to be the joint bookrunning managers
By Devika Patel
Knoxville, Tenn., June 25 – Materialise NV said it priced its $96 million initial public sale of American Depositary Shares with a $14.4 million secondary greenshoe.
The company will sell 8 million ADS at $12.00 apiece.
Piper Jaffray and Credit Suisse are the joint bookrunners.
Settlement is expected June 30.
The provider of additive manufacturing software and of 3D printing services is based in Leuven, Belgium. The company has applied to list the ADSs on the Nasdaq under the symbol “MTLS.”
| Issuer: | Materialise NV
|
| Issue: | American Depositary Shares
|
| Amount: | $96 million
|
| Greenshoe: | $14.4 million
|
| ADS: | 8 million
|
| Price: | $12.00
|
| Warrants: | No
|
| Bookrunners: | Piper Jaffray and Credit Suisse
|
| Co-managers: | BB&T Capital Markets, Janney Montgomery Scott, Stephens Inc. and KBC Securities
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Stock exchange: | Nasdaq: MTLS
|
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