ExOne sets price range for upcoming public offering of common stock

FBR Capital, BB&T have 30-day greenshoe for 795,000 more shares

By Susanna Moon

Chicago, Feb. 6 - ExOne Co. will price its public offering of common stock at between $16.00 and $18.00 per share, according to an FWP filing with the Securities and Exchange Commission. The deal with a 30-day greenshoe option was announced on Jan. 8.

The company is offering 5 million shares and the selling stockholder, Rockwell Holdings, Inc., is offering 300,000 shares.

Underwriters have a 30-day option to purchase up to 483,333 additional shares from the company and 311,667 shares from the selling stockholder at the initial offering price to cover over-allotments.

FBR Capital Markets & Co. and BB&T Capital Markets are the underwriters.

As noted before, proceeds will be used to invest in improving the efficiency and capacity of the company's machines and expanding the number of materials from which it can make products. They will also go to increase the number and locations of the company's production service centers and for working capital and other general corporate purposes.

Proceeds may also be used to repay a revolving line of credit and for investments.

ExOne is a North Huntingdon, Pa., manufacturing services provider.

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