Underwriters in the 3D printer maker's secondary offering have exercised their over-allotment options in full, increasing the net proceeds to $462.8 million.
3D printer maker Stratasys Inc. (Nasdaq: SSYS) has announced that the underwriters in its secondary offering have exercised their over-allotment options in full, increasing the net proceeds to $462.8 million. The underwriters exercised their options to buy 675,000 shares at $93.00 per share, increasing the size of the offering to 5,175,000 shares.
In the offering on Friday, Stratasys raised a net $402.2 million in an offering of 4.5 million shares.
JPMorgan Securities LLC, Piper Jaffray, Morgan Stanley, BofA Merrill Lynch, and Needham & Company were the underwriters.
Published by Globes [online], Israel business news - www.globes-online.com - on September 17, 2013
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