{"id":68755,"date":"2019-07-29T13:32:21","date_gmt":"2019-07-29T05:32:21","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/prodways-raises-e50-7-million-following-successful-ipo-on-euronext-paris.3dm"},"modified":"2019-07-29T13:32:21","modified_gmt":"2019-07-29T05:32:21","slug":"prodways-raises-e50-7-million-following-successful-ipo-on-euronext-paris","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/prodways-raises-e50-7-million-following-successful-ipo-on-euronext-paris\/","title":{"rendered":"Prodways raises \u20ac50.7 million following successful IPO on Euronext Paris"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">97<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">78<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">17<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">2<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>French 3D printing company Prodways has reported successful listing on the Euronext Paris stock exchange.<\/p>\n<p>The company, which is a subsidiary of Groupe Gorge\u0301, announced earlier in the year that it would be launched on the stock exchange through an initial public offering (IPO).<\/p>\n<p>Upon its listing, Groupe Gorge\u0301 remains the majority shareholder with 67.38% of Prodways&#8217; shares and price per share at the beginning of trading was \u20ac4.80. Prodways explains the shares offering was oversubscribed by nearly 6 times with the market capitalization at around \u20ac232 million on the day of listing.<\/p>\n<figure id=\"attachment_106531\" style=\"width: 1120px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-106531\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Prodways-ProMaker-L5000.-Photo-by-Michael-Petch..jpg\" alt=\"Prodways ProMaker L5000. Photo by Michael Petch.\" width=\"1120\" height=\"840\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Prodways-ProMaker-L5000.-Photo-by-Michael-Petch..jpg 1120w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Prodways-ProMaker-L5000.-Photo-by-Michael-Petch.-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Prodways-ProMaker-L5000.-Photo-by-Michael-Petch.-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Prodways-ProMaker-L5000.-Photo-by-Michael-Petch.-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Prodways-ProMaker-L5000.-Photo-by-Michael-Petch.-500x375.jpg 500w\" sizes=\"(max-width: 1120px) 100vw, 1120px\" \/><figcaption class=\"wp-caption-text\">Prodways ProMaker L5000. Photo by Michael Petch.<\/figcaption><\/figure>\n<p><strong>Successful launch with IPO<\/strong><\/p>\n<p>Prodways reports it has raised \u20ac50.7 million as a result of the IPO, which included full exercise of the Extension Clause and before exercising the over-allotment option. This amount correlates to 10,570,192 shares allocated and according to Prodways, funding may raise to \u20ac66.0 million if the Over-allotment Option is exercised.<\/p>\n<p>Rapha\u00ebl Gorg\u00e9, Chairman and CEO at Prodways explained the company now has <em>&#8220;the financial means to accelerate our R&amp;D investments and business development, as well as to finance our targeted acquisitions in the 3D printing sector.&#8221; <\/em>Gorg\u00e9 went on to explain,<\/p>\n<blockquote>\n<p>Prodways has all of the necessary attributes to continue its growth trajectory. Already uniquely positioned as an integrated European player, our ambition is now to see our Company become a global leader in industrial 3D printing.<\/p>\n<\/blockquote>\n<figure id=\"attachment_111480\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-111480\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/The-LEAP-Fuel-Nozzle.-Photo-by-Michael-Petch..jpg\" alt=\"The LEAP Fuel Nozzle. Photo by Michael Petch.\" width=\"1000\" height=\"1334\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/The-LEAP-Fuel-Nozzle.-Photo-by-Michael-Petch..jpg 1217w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/The-LEAP-Fuel-Nozzle.-Photo-by-Michael-Petch.-768x1024.jpg 768w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/The-LEAP-Fuel-Nozzle.-Photo-by-Michael-Petch.-280x375.jpg 280w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/The-LEAP-Fuel-Nozzle.-Photo-by-Michael-Petch.-770x1027.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/The-LEAP-Fuel-Nozzle.-Photo-by-Michael-Petch.-200x267.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/The-LEAP-Fuel-Nozzle.-Photo-by-Michael-Petch.-375x500.jpg 375w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-caption-text\">The LEAP Fuel Nozzle. Photo by Michael Petch.<\/figcaption><\/figure>\n<p><strong>MOVINGLight<\/strong><\/p>\n<p>Prodways develops several 3D printers including its unique digital light processing (DLP) technology. Known as MOVINGLight, Prodways&#8217; DLP printers use moving UV rays to cure the printed objects. The technology has particular application for dentistry and Prodways demonstrated this at the International Dental Show (IDS) in Cologne this year.<\/p>\n<p>French aircraft manufacturing company Safran, who teamed up with GE for the 3D printed LEAP engine components, also recently acquired shares in Prodways prior to the company&#8217;s public listing. Safran will look to develop new materials for use with Prodways&#8217; additive manufacturing systems.<\/p>\n<p><em>The  Industry Awards are taking place this month in London and there is still time to <a href=\"https:\/\/3dprintingindustry.com\/news\/3d-printing-industry-awards-voting-open-107886\/\">place your votes to decide the winners<\/a>. <\/em><\/p>\n<p><em>To receive the latest 3D printing news, subscribe to our newsletter and follow us on twitter. <\/em><\/p>\n<p><em>Featured image shows the Prodways subsidiary of Groupe Gorg\u00e9. Image via Prodways.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>97shares 78 17 2 French 3D printing company Prodways has reported successful listing on the Euronext Paris stock exchange. The company, which is a subsidiary of Groupe Gorge\u0301, announced earlier in the year that it would be launched on the stock exchange through an initial public offering (IPO). Upon its listing, Groupe Gorge\u0301 remains the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182684,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Prodways-ProMaker-L5000.-Photo-by-Michael-Petch..jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prodways raises \u20ac50.7 million following successful IPO on Euronext Paris - FacFox News<\/title>\n<meta name=\"description\" content=\"97shares78172French 3D printing company Prodways has reported successful listing on the Euronext Paris stock exchange. 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