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Cimatron, Voxeljet Rise Sharply; Gains Linked To Upcoming IPO In Sector?

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Cimatron (NASDAQ: CIMT) and Voxeljet AG (NYSE: VJET) both saw sharp gains Monday ahead of an initial public offering by a competing 3D technology company.

Voxeljet rose 7.7 percent and Cimatron traded up more than four percent.

The gains may be linked to Wednesday's expected IPO of another 3D tech company called Materialize (NASDAQ: MTLS), according to an industry source who declined to be named.

Materialize, which aims to raise $104 million in the offering, is the first 3D printer to go public since the October offering of Voxelject.

Voxeljet rose 122 percent on its first day out of the block, one of the largest first-day gains of 2013.

Cimatron will launch new 3D inspection technology at the Semicon West conference next month in San Francisco. It also expects to begin shipping a new 3D inkjet printer called Gryphon in October. The product is said to allow companies for the first time to print circuit boards.

Cimatron didn't immediately respond to a request for comment.

Cimatron traded recently up 2.46 percent to $6.68. Voxeljet was up six percent recently at $18.55.

Posted-In: 3D technologyNews Rumors


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