XJet, which makes and sells 3D printers for metal and ceramic end-use parts, announced terms for its IPO on Thursday.
The Rehovot, Israel-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, XJet would command a fully diluted market value of $99 million.
XJet is an additive manufacturing (3D printing) company that offers technologies based on its patented Nano-Particles Jetting process, which creates extremely thin layers of ceramics or metal material and allows for the production of end-use parts that would be difficult or impossible to produce with traditional manufacturing technologies. XJet’s complete solution supports multiple industries and use cases and includes hardware, software, and consumable materials.
XJet was founded in 2005 and booked $6 million in sales for the 12 months ended December 31, 2022. It plans to list on the Nasdaq under the symbol XJET. Aegis Capital Corp. is the sole bookrunner on the deal.
