France’s Prodways Group Raises €50.7 Million in Recent IPO on Euronext Paris

Published by , May 19, 2017 11:44 am

(3Ders.org)  France-based Prodways Group has announced that its recent IPO listing was a huge success. The industrial 3D printing company recently went public on the Euronext Paris securities exchange reportedly raised €50.7 million after the full exercise of the Extension Clause and before the exercise of the Over-allotment Option. The amount has the potential of raising up to €66 million if the Over-allotment Option is exercised.
Raphaël Gorgé, Chairman and Chief Executive Officer of Prodways, said: “We are delighted with the very high level of investor interest, both in France and outside of France, and the outstanding success of our IPO, and would like to warmly thank all the investors who have joined us. We now have the financial means to accelerate our R&D investments and business development, as well as to finance our targeted acquisitions in the 3D printing sector. We will continue to seek out performing companies offering high added value, be it in terms of their complementary technologies or because they will allow us to make inroads into new markets.”

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