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
Companies & Associations

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

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc.,...    More

Image

Proposed Cardia-Stellar merger labeled 'not fair,' but still 'reasonable'

March 20, 2015 10:34 am ET

If the proposed merger of two Australian bioplastics companies goes ahead, the new company will be called Secos Group Ltd. and have annual sales of...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising...    More

Image

Citadel purchase will nearly double A. Schulman's US sales

March 19, 2015 12:06 pm ET

Materials firm A. Schulman Inc. has kept its buying streak alive with its biggest deal yet — acquiring compounder and composites maker Citadel P...    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