Voxeljet, Germany’s 3D printing powerhouse, announced the terms of its IPO on Monday.
In a statement to potential investors, Voxeljet said it plans to raise $91 million by issuing 6.5 million shares at a price between $13-$15 each. Voxeljet plans to list on the New York Stock Exchange under the symbol VJET.
Founded in 1999, Voxeljet offers five different 3D printers. A sixth will be introduced before the end of the year. The specs of this new printer have yet to be announced.
Voxeljet’s VX4000 system, on the other hand, is already impressive. It boasts a 4,000 × 2,000 × 1,000 millimeter build volume, and prints at 75 seconds/layer. The VX4000 can print both large and small components with tremendous accuracy.
According to Voxeljet’s press release the company feels “[they] occupy a defined space in the additive manufacturing market because of the size of [their] machines and their ability to print industrial products from qualified industrial materials.”
From printing a stunt model of James Bond’s DB 5 car to a custom-designed aluminum chair, Voxeljet’s machines appear to have the versatility to affect change in a number of industries. Now they hope to compete with state-side AM giants 3D Systems and Stratasys.
Image Courtesy of Voxeljet