Stratasys Ltd. Announces Pricing of Public Offering of Ordinary Shares
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--
Stratasys Ltd. (NASDAQ: SSYS), a manufacturer of 3D printers and
materials for personal use, prototyping and production, today announced
that it has priced an underwritten public offering of 4,500,000 of
its ordinary shares at a price to the public of $93.00 per ordinary
share. Stratasys also granted the underwriters a 30-day option to
purchase up to an additional 675,000 of its ordinary shares to cover
over-allotments, if any. The net offering proceeds to Stratasys from
this offering, assuming no exercise of the underwriters' over-allotment
option, are expected to be approximately $402.2 million, after deducting
underwriting discounts and commissions and other estimated offering
expenses. J.P. Morgan is acting as sole book-running manager for the
offering, and Piper Jaffray, Morgan Stanley, BofA Merrill Lynch, and
Needham & Company are acting as co-managers for the offering.
A registration statement relating to the ordinary shares offered in this
offering has been filed with the Securities and Exchange Commission (the
"SEC"). A preliminary prospectus supplement relating to the offering has
been, and a final prospectus supplement relating to the offering will
be, filed with the SEC. Copies of the preliminary prospectus supplement
and, when available, the final prospectus supplement relating to these
securities may be obtained by visiting the SEC's website at www.sec.gov
or from J.P. Morgan Securities LLC c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York, NY 11717 or by calling
toll-free at (866) 803-9204.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
About Stratasys Ltd.
Stratasys Ltd. is the corporate entity formed in 2012 by the merger of
3D printing companies Stratasys, Inc. and Objet Ltd., based in
Minneapolis, Minn. and Rehovot, Israel. Stratasys manufactures 3D
printers and materials for personal use, prototyping and production.
Systems include entry-level desktop 3D printers for personal use and
idea development, a range of systems for prototyping, and large
production systems for direct digital manufacturing.
Cautionary Information Regarding Forward Looking Statements
The statements in this press release regarding Stratasys's expectations
with respect to the public offering are forward-looking statements that
are subject to significant risks and uncertainties, and actual results
could differ materially from those projected. These risks and
uncertainties include, without limitation, risks and uncertainties
related to market conditions and satisfaction of customary closing
conditions related to the public offering. There can be no assurance
that Stratasys will be able to complete the public offering on the
anticipated terms, or at all. The forward-looking statements in this
release speak only as of this date, and Stratasys disclaims any intent
or obligation to revise or update publicly any forward-looking statement
except as required by law.
Shane Glenn, +1-952-294-3416
President of Investor Relations
Mattsoff, +972 (0) 74 745 4338
Vice President of Marketing
Source: Stratasys Ltd.
News Provided by Acquire Media
Close window | Back to top