Aerospace Metal

Printer The Shares Double In Debut Of Voxeljet

Shares of Voxeljet AG over doubled Friday after the 3-D printing firm raised $84.5 million in its initial public offering.

Voxeljet’s 3-D printers can make anything from vehicle parts to chairs to art. Its technology has been utilized to create three Aston Martin model cars. Voxeljet sells its printers to firms from the automotive, aerospace, movie, medical, technology and consumer goods sectors.

The German firm priced 6.5 million American depositary receipts at $13 each. The stock is trading on the New York Stock Exchange under the ticker symbol VJET.

The shares rose $15.80, or 122%, to close at $28.80 Friday after trading as high as $29.06 earlier.

Stocks of 3-D printing businesses have soared during the last year since 3-D printing grows in popularity. Shares of The ExOne Co. have tripled since the company went public in February. Stratasys Ltd.’s shares have soared 73% during the last year. And 3D Systems Corp.’s shares have more than doubled from a year ago.

The printers force layer upon layer of plastics, metal or other materials out to make 3-D objects.

Voxeljet hopes to use start new service centers and the cash raised to expand its own service center. The company is based in Friedberg, Germany.

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