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Objet withdraws $75 million IPO

By Renaissance Capital,  June 08, 2012, 06:14:45 PM EDT

Objet, which provides 3D printing systems used for prototyping and custom manufacturing, withdrew its plans for an initial public offering on Friday following an agreement to merge with Stratasys. The Rehovot, Israel-based company was founded in 1998 and booked $121 million in sales for the 12 months ended 12/31/2011. The company filed on April 16, 2012 to raise up to $75 million in an IPO. J.P. Morgan and Goldman Sachs were set to be the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: OBJT



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