SLM Solutions opens offering period for IPO

Up to 4.17 million newly issued ordinary shares will be issued to generate proceeds for SLM of approximately €75m.

The offering will initially be open to buyers in Germany and Luxembourg as well as other selected countries. Shares are also being offered to qualified institutional buyers in the US.

Additionally, 5.73 million ordinary shares are to be offered at a price range of between €18-23. The listing will see DPE's holding in the company diluted as the majority of its shares will be placed as part of the IPO, with a total of 61.5% of the company put up for tender. The remaining 38.5% of the company will be held by the company's shareholder Ceresio as well as DPE.

Finally, up to 1.34 million shares from existing shareholders can be placed for purposes of a potential overallotment. If all 11.24 million shares are placed, this will lead to a higher issue volume of up to €237.9m.

By the end of February 2014, the metal-based 3D printing company had received interest in 133 orders for selective laser melting systems. Overall in 2013, the company sold 28 systems. Revenues for SLM grew at a rate of 35% per year between 2011 and 2013 and had an adjusted EBITDA margin of 11.5% in 2013.

More detail on SLM's IPO can be found here.

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• DACH
• Industrials
• Exits
• IPO
• Germany