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Why Materialise Stock Crashed 17% Today

·1 min read
Why Materialise Stock Crashed 17% Today
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Shares of Materialise NV (NASDAQ: MTLS) crashed 17.1% as of 11:20 a.m. EDT today, after the Belgian maker of software for 3D printers announced that it will be raising cash by selling at least 4 million American depositary shares (ADS), and perhaps as many as 4.6 million, at the price of $24 each. Each Materialise ADS represents one single share of domestic common stock in Belgium, so the valuation on this one is pretty easy: 1-to-1.