Proto Labs IPO to raise up to $65 million

By Frank Antosiewicz
Correspondent

Published: February 14, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Injection Molding, Design

MAPLE PLAIN, MINN. (Feb. 14, 3:25 p.m. ET) — Proto Labs Inc. plans to offer 4.3 million shares of common stock at a price between $13 and $15 per share in its initial public offering, according to recently updated registration statement with Securities and Exchange Commission.

According to the filing, the company plans to apply to the New York Stock Exchange for a listing under the ticker symbol PRLB. Jefferies & Co., Inc. and Piper Jaffray & Co. are acting as joint book-running managers for the offering.

Proto Labs said the money raised is intended for working capital and general corporate purposes. The offering is expected to raise between $56 million and $65 million.

Proto Labs describes itself as an online and technology enabled manufacturer of quick turned CNC machined and injection molded custom parts for prototyping and short-run production. The company said almost all of its business is conducted via the internet and it targets services to millions of product developers using three-dimensional CAD systems.

It has 511 employees and 2011 sales of $98.9 million. The company has manufacturing operations in Maple Plain, Minn.; Telford, England; and Ebina, Japan.

Proto Labs also disclosed that it has plans to expand in both the U.S. and Japan with key purchases in the fourth quarter of 2011.

The company spent $3.95 million to buy a property in Rosemount, Minn.; that includes 128,000 square feet of manufacturing and office space. It has about 170,000 square feet of space while currently occupying three buildings.

The company also said that it signed a lease for about 32,000 square feet of office and manufacturing space in Yamoto-shi, Kanagawa, Japan, and that it will be available in April 2012 when its current lease expires in Ebina. That is more than double the space of its current 14,000-square-foot facility.


Comments

Proto Labs IPO to raise up to $65 million

By Frank Antosiewicz
Correspondent

Published: February 14, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Newell Rubbermaid expanding production, employment in Kansas

March 3, 2015 3:31 pm ET

Newell Rubbermaid Inc. is expanding and extending plastics molding technologies at its Winfield, Kan., manufacturing plant and distribution center.    More

Image

Accella buys IPS Polymer Systems

March 3, 2015 5:26 pm ET

Accella Performance Materials Inc. is acquiring IPS Polymer Systems Inc. to expand the firm's growing polyurethane operation.    More

Image

Best Places To Work: No. 5, Plastic Components Inc.

March 3, 2015 2:50 pm ET

Plastic Components Inc. had a busy 2014: It built a house, earned a patent, spun off a business, added presses and expanded its staff.    More

Image

Best Places To Work: No. 2, B&B Molders LLC

March 3, 2015 1:56 pm ET

Britt Murphey is trying to retire. But he's just having too much fun.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events