Market Overview

Proto Labs Prices 3.5M Share Offering at $31/Share

Proto Labs (NYSE: PRLB) announced today the pricing of a follow-on
offering of 3.6 million shares of its common stock, of which 3.5 million
shares will be sold by certain selling shareholders and 100,000 shares
will be sold by Proto Labs, at a price to the public of $31.00 per
share. In addition, certain of the selling shareholders have granted the
underwriters an option to purchase up to an additional 540,000 shares of
common stock. Proto Labs will not receive any of the proceeds from the
sale of the shares sold by the selling shareholders.

The principal purposes of this offering are to facilitate an orderly
distribution of shares for the selling shareholders and to increase
Proto Labs' public

See full press release

Posted-In: News Guidance Management

 

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