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Saturday, February 18, 2012

Proto Labs IPO price predictions

Proto Labs IPO price predictions : Proto Labs submitted its IPO application documents to the SEC as early as July 25th, 2011, proposing to list its common stock on the New York Stock Exchange under the ticker symbol “PRLB.”

The company intends to offer 4,300,000 shares of common stock and expects the initial public offering price to be $13-$15 per share. Calculated by the midpoint of the offering price range, the net proceeds from the public offering will be approximately $54.0 million, excluding the potential underwriting discounts and commissions and estimated offering expenses. The company said it plans to use the net proceeds for working capital and other general corporate purposes and may also use a portion of the net proceeds to in-license, acquire or invest in complementary businesses, technologies, products or assets, as well as add incremental capacity.

Jefferies & Company and Piper Jaffray are playing the role of the Proto Labs IPO lead underwriters. William Blair & Company and Craig-Hallum Capital Group are also involved in the public offering. Proto Labs has granted the underwriters an option to purchase additional 645,000 shares of its common stock at the Proto Labs IPO price with 30 days to cover over-allotments,

Proto Labs recognized revenue of $35.9 million in 2011. While this figure was just $35.9 million in 2007, during this period, the company’s operating expenses added to $32.7 million in 2011, from $13.3 million in 2007. The company realized operating income of $26.9 million in 2011, from $8.4 million in 2007.

Proto Labs, founded in 1999, is the world’s fastest provider of CNC machined and injection molded parts.

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