Voxeljet AG (VJET), a German company that manufactures 3D printing machines and systems, made its IPO debut today. The company priced 6.5 million American depositary receipts (ADRs) at $13 each. (ADRs are simply securities of non-U.S. companies that trade on the U.S. stock exchanges.) The shares opened for trading around 19, and ended up 122 percent to close at $28.80.
Voxeljet is the 4th major public 3D printing company, joining 3D Systems (DDD), Stratasys (SSYS), and ExOne (XONE).
I bought shares at 23.92. I don’t normally buy an IPO on its first day, as without a trading history a stock has no support or resistance points. But I felt very certain that the stock would close higher, which it did.
I feel that 3D printing will be a huge technology gamechanger in the future. I now own 3 of the 4 major players. I had bought ExOne previously, but was stopped out of my position. I will look for a low-risk area to buy it again.
You can learn more about Vozxeljet at their website at: www.voxeljet.de/en/.