SLM Solutions lists on Frankfurt Stock Exchange

Shares were issued at €18.20 apiece, near the minimum price set out in the initial offering, taking the total free float to almost €182m. Around 55.6% of the company's shares were in free float following the IPO. Market cap reached €327.25m on the first day of trading.

Deutsche Private Equity has decided to retain a larger stake than originally planned in light of the company's growth potential. Before the IPO, the GP held a 57% stake in SLM.

The printing company will use the proceeds to implement its growth strategy, by strengthening its sales force and services network, and focusing on further research and development.

DPE originally invested in SLM in April 2013.

Company
SLM, a provider of laser-based metal additive manufacturing machines (3D printers), is based in Lübeck and introduced the selective laser melting process to the market in 2002. Its products are used in applications across the aerospace, automotive, dental, medical and tool engineering sectors by companies including Nasa, General Electric and Alstom. Its 2013 turnover stood at €21.6m with an adjusted EBITDA of €2.5m.

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