Piper Jaffray and Credit Suisse are the joint bookrunning managers
By Devika Patel
Knoxville, Tenn., July 7 – Materialise NV said the underwriters for its initial public offering of American Depositary Shares opted to exercise the deal’s $14.4 million secondary greenshoe in full for total proceeds of $110.4 million. The deal priced for $96 million with the greenshoe on June 25.
The company and stockholders sold 9.2 million ADS at $12.00 apiece. Of the ADS, 1.2 million were part of the fully exercised secondary greenshoe.
Piper Jaffray and Credit Suisse were the joint bookrunners.
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: | $110.4 million (including $14.4 million greenshoe)
|
| ADSs: | 9.2 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: | July 7
|
| Stock exchange: | Nasdaq: MTLS
|
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