Paul Hastings Represents Piper Jaffray and Citigroup as Joint Book-Running Managers in Voxeljet AG's Follow-on Public Offering

April 17, 2014

New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that it advised Piper Jaffray and Citigroup as joint book-running managers on the follow-on public offering of voxeljet AG, a leading German provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers.
The follow-on offering of 3,000,000 American Depositary Shares (ADS) was priced at $15 per ADS.  Certain of the company’s shareholders have granted the underwriters a 30-day option to purchase up to an additional 450,000 ADSs at the public offering price, less the underwriting discount, to cover over-allotments, if any. The offering raised gross proceeds of approximately $45 million for the company. The company intends to use the net proceeds of the offering for research and development initiatives, sales and marketing initiatives, potential further expansion of its on-demand parts service center, the establishment of new on-demand parts service centers in North America and Asia and for general corporate purposes including, without limitation, potential acquisitions. 

Co-managers in the offering included Cowen and Company and Stephens Inc.
Corporate partners William Schwitter and Karl Balz and associate Shehzad Siddiqui led the Paul Hastings team, which also included Todd Schneider and Donald Boyajian.

In October 2013, the Paul Hastings team also represented Piper Jaffray and Citigroup in the company’s US$97.2 million initial public offering of 7,475,000 American Depositary Shares (ADS) at a public offering price of $13 per ADS, which reflects the exercise of the full underwriters’ overallotment option and includes 1,875,000 ADS sold by selling shareholders.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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