3D Systems raised $112.1 million in its follow-on offering at $27.00 per share. Needham acted as the sole bookrunner on the transaction. The Company’s underwriters exercised their option to purchase an additional 451,852 shares of common stock at the follow-on offering price to cover over-allotments. The net proceeds from the sale of the shares from the offering will be used by 3D Systems to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes.
3D Systems (NYSE: DDD) is a leading global provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides CAD modeling, reverse engineering and inspection software tools and consumer 3D printers, apps and services. Its expertly integrated solutions replace and complement traditional methods and reduce the time and cost of designing and manufacturing new products. 3D Systems products and services are used to rapidly design, communicate, prototype or produce real functional parts, empowering customers to create and make with confidence.