Xometry Announces Pricing of Initial Public Offering
Xometry has priced its initial public offering (IPO) of 6,875,000 shares of Class A common stock at $44.00 per share, with an option for underwriters to purchase an additional 1,031,250 shares. The shares will trade on the Nasdaq under the symbol 'XMTR,' starting on June 30, 2021, and the offering is expected to close on July 2, 2021. This IPO was registered with the SEC on June 29, 2021, and involves prominent financial institutions such as Goldman Sachs, J.P. Morgan, and UBS as lead managers.
- Pricing of IPO at $44.00 per share indicates strong investor interest.
- Underwriters have a 30-day option to purchase an additional 1,031,250 shares, potentially increasing capital raised.
- The substantial number of shares offered could lead to dilution of existing shares.
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Xometry, Inc., a leading AI-enabled marketplace for on-demand manufacturing, today announced the pricing of its initial public offering of 6,875,000 shares of its Class A common stock at a price of
Goldman Sachs & Co. LLC, J.P. Morgan and UBS Investment Bank are acting as joint lead book-running managers for the proposed offering. Citigroup, BofA Securities, William Blair and RBC Capital Markets are also acting as book-running managers, and C.L. King & Associates and Loop Capital Markets are acting as co-managers for the offering.
A registration statement relating to this offering has been filed with the Securities and Exchange Commission and was declared effective on June 29, 2021. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. Copies of the final prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, by facsimile at 212-902-9316 or by email at prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by collect telephone at 1-212-834-4533 or by email at prospectus-eq_fi@jpmorganchase.com; or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, by telephone at (888) 827-7275 or by email at ol-prospectus-request@ubs.com.
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 state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Xometry
Xometry is a leading AI-enabled marketplace for on-demand manufacturing, transforming one of the largest industries in the world. Xometry uses its proprietary technology to create a marketplace that enables buyers to efficiently source on-demand manufactured parts and assemblies, and empowers sellers of manufacturing services to grow their businesses. Xometry’s buyers range from self-funded startups to Fortune 100 companies.
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