According to a New York Times report, shares of 3D printer company Voxeljet more than doubled on the Germany stock exchange. Voxeljet had priced its 6.5 million American depositary receipts at USD13 per share prior to its public listing.
Voxeljet shares rose to USD15.80 in trading and closed at a 122% increase at USD28.80 on Friday. The shares of the 3D printer company traded at a record high of USD29.06.
Its initial public offering was able to raise USD84.5 million. Voxeljet said proceeds from the IPO woudl go toward expansion of its service centers in Europe, Asia and North America.
The Friedberg, Germany-based company has been selling 3D printers to companies in the industries ranging from aerospace and engineering, tro medical, film and consumer products. The company's technology helped achieve the designs used to create three Aston car units that were used for film props in the highly-successful James Bond film "Skyfall." The movie character Bond was a known fan of Aston Martin cars.
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