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Paul Hastings Represents Piper Jaffray and Credit Suisse as Joint Book-Running Managers in Materialise NV’S Initial Public Offering

June 30, 2014
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that it advised Piper Jaffray and Credit Suisse as joint book-running managers on the initial public offering of Materialise NV, a leading Belgian provider of additive manufacturing software and of sophisticated 3D printing services. 

The IPO of 8,000,000 American Depositary Shares (ADS) was priced at $12 per ADS and listed on the NASDAQ Global Select Market under the ticker symbol “MTLS.” Certain selling shareholders of the Company have granted the underwriters a 30-day option to purchase up to an additional 1,200,000 ADSs at the public offering price, less the underwriting discount, to cover over-allotments, if any.  The IPO raised gross proceeds of $96 million for the company. The company intends to use its net proceeds from the IPO to expand their 3D printing service center capacity, including the addition of new printers and additional technologies; to increase their sales and marketing teams worldwide; to fund additional research and development activities; and the remainder for general corporate purposes (including, but not limited to, potential acquisitions or partnerships). The company will not receive any proceeds from the sale of ADSs by the selling shareholders if the option is exercised. 

Co-managers in the offering included BB&T Capital Markets, Janney Montgomery Scott, Stephens Inc. and KBC Securities
 
Corporate partners William Schwitter and Karl Balz and associate Shehzad Siddiqui led the Paul Hastings team, which also included Todd Schneider and Keith Gartner.
 
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.