XONE IPO tomorrow:
Based in North Huntingdon, PA, ExOne (XONE) scheduled a $75 million IPO with a market capitalization of $192 million at a price range mid-point of $15, for the week of February 4, 2013.
Eight IPOs are scheduled for the week of February 4. S-1 filed January 28, 2013.
Manager, Joint Managers: FBR
Co Managers: BB&T Capital Markets/ Stephens
XONE is in a hot sector: 3D Printing or Additive Manufacturing.
XONE shipped 4 systems in 2012, shipped five systems for the September 2012 nine months and shipped eight (yes 8) systems in the December 2012 quarter, after shipping 5 systems for the nine months ended September 2012. XONE shipped only four systems in 2011.
The astronomical valuations of additive manufacturing companies is simply mind boggling. Yes there is a market need for output these machines produce, but it's probably about 1 millionth in unit terms of the installed base of 2D printers. And the ink is too darn expensive. New acronym - Solid Hot Imaging Technology (SH1T)