ExOne, a provider of 3D printing machines and printed products to industrial customers, raised the proposed deal size for its upcoming IPO on Wednesday. The North Huntingdon, PA-based company now plans to raise $90 million by offering 5.3 million shares (6% insider) at a price range of $16 to $18. The company had previously filed to offer 5.0 million shares at a range of $14 to $16. At the midpoint of the revised range, ExOne will raise 20% greater proceeds than previously anticipated.
ExOne, which was founded in 2005 and booked $19 million in sales for the 12 months ended 9/30/2012, plans to list on the NASDAQ under the symbol XONE. FBR Capital Markets is the lead bookrunner on the deal. It is expected to price during the week of February 4, 2013.
