3D Systems (DDD) announced that it has priced underwritten public offering of 7.5 million shares of common stock at $40.00 per share. The offering is expected to close on May 15, 2013.
Of these shares, 6.18 million shares are being sold by the company and 1.32 million shares are being sold by certain selling stockholders, including certain officers and directors and their affiliates.
The company and those selling stockholders have also granted underwriters a 30-day option to buy additional 1.125 million shares, on a pro rata basis, to cover over-allotments.
The company expects to receive net proceeds of about $237 million, after deducting expenses. The company said it will not receive any proceeds from the sale of shares by the selling stockholders.
3D Systems intends to use offering net proceeds to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes.
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