Deal sells 5 million common shares with $14.31 million greenshoe
By Devika Patel
Knoxville, Tenn., Feb. 8 - ExOne Co. priced its $90 million initial public offering of stock with a $14.31 million greenshoe in a prospectus filed Friday with the Securities and Exchange Commission.
The company will sell 5 million common shares at $18.00 per share.
FBR, BB&T Capital Markets and Stephens Inc. are assisting.
Settlement is expected Feb. 12.
Proceeds will be used to improve the efficiency and capacity of the company's machines, to increase the number of locations of its PSCs and for working capital and other general corporate purposes.
Based in North Huntingdon, Pa., ExOne is a provider of three-dimensional printing machines and printed products to industrial customers.
| Issuer: | ExOne Co.
|
| Issue: | Common stock
|
| Amount: | $90 million
|
| Greenshoe: | $14.31 million
|
| Shares: | 5 million
|
| Price: | $18.00
|
| Warrants: | No
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 12
|
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