Deal sells 5,483,333 common shares at $18.00 per share via FBR Capital
By Devika Patel
Knoxville, Tenn., Feb. 12 - ExOne Co. said the underwriters for its initial public offering of stock elected to exercise the deal's $8.7 million greenshoe in full for total proceeds of $98.7 million. The deal priced for $90 million on Feb. 8.
The company sold 5,483,333 common shares at $18.00 per share. Of the shares, 483,333 comprised the fully exercised greenshoe.
FBR Capital Markets & Co. was the bookrunner.
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: | $98,699,994 (including $8,699,994 greenshoe)
|
| Shares: | 5,483,333
|
| Price: | $18.00
|
| Warrants: | No
|
| Bookrunner: | FBR Capital Markets & Co.
|
| Co-managers: | BB&T Capital Markets, Stephens Inc.
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 12
|
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