Israel-based XJet (XJET), a leading provider of cutting-edge 3D printing technology, has recently announced the terms for its proposed $10 million initial public offering (IPO). The company aims to offer 2 million shares priced between $4 and $6 per share, potentially raising approximately $10 million if priced at the midpoint. Additionally, underwriters will have a 45-day option to purchase up to an additional 300,000 shares to cover over-allotments.
Aegis Capital has been appointed as the sole bookrunner for the IPO. XJet aspires to list its shares on Nasdaq, using the symbol XJET.
At the heart of XJet’s operations lies its proprietary NanoParticle Jetting technology, which is specifically designed for the manufacturing of metal and ceramic parts. This innovative technology sets XJet apart in the 3D printing industry, allowing for the production of intricate and high-quality components.
XJet’s decision to go public marks an important milestone in its growth journey. While the company has reported a net comprehensive loss of $17.6 million on revenue of $6 million for 2022, as stated in its filing, the IPO presents a significant opportunity to fuel its expansion plans and advance its groundbreaking technology.
As a pioneer in additive manufacturing, XJet continues to push boundaries and unlock new possibilities in the industry. With its advanced capabilities, the company is well-positioned to meet the increasing demand for customized, high-performance parts across various sectors.
By going public, XJet aims to secure the necessary resources to further enhance its technology, expand its global reach, and strengthen its position as a key player in the additive manufacturing market. Investors and industry observers eagerly anticipate the potential growth and impact of XJet as it continues to revolutionize manufacturing processes with its groundbreaking 3D printing solutions.