3-D Printer voxeljet (NYSE:VJET) Plans Stock Offering; Gigamon (NYSE:GIMO) Plunges

0

American depository shares of voxeljet AG (NYSE:VJET) were falling late Monday after the maker of large-format 3D printers and parts announced plans for an underwritten offering of ADS by the company as well as ADS now held by unidentified shareholders.

VJET did not say how many shares it plans to offer nor did it disclose how many ADS the selling shareholder plans on offering. Underwriters participating in the deal will receive 30-day options to purchase an additional 15% of ADS to cover possible overallotments.

VJET shares were down 0.4% at $24.35 each in late trading. The stock fell 2.8% during today’s regular session, slipping 69 cents.

In Other After-Hours News

Shares of Gigamon (NYSE:GIMO) plunged in early after-hours trade as the IT services company reports preliminary Q1 results short of prior guidance and analyst estimates.

Preliminary Q1 revenues are approximately $31.0 million – $31.5 million, below the company’s previously stated guidance of $34.0 million – $35.0 million. Analysts polled by Capital IQ are expecting sales of $34.8 million.

 

Suggested Reading: Examples of Genetically Modified Organisms

Share.

Leave A Reply