Stratasys Prices Public Offering Of 4.50 Mln At $93.00 Per Share - Quick Facts

(RTTNews) - Stratasys Ltd. (SSYS) announced that it has priced an underwritten public offering of 4.50 million of its ordinary shares at a price to the public of $93.00 per ordinary share.

Stratasys also granted the underwriters a 30-day option to purchase up to an additional 675,000 of its ordinary shares to cover over-allotments, if any.

The company expects the net offering proceeds to the company from this offering, assuming no exercise of the underwriters' over-allotment option, to be about $402.2 million, after deducting underwriting discounts and commissions and other estimated offering expenses.

J.P. Morgan is acting as sole book-running manager for the offering, and Piper Jaffray, Morgan Stanley, BofA Merrill Lynch, and Needham & Company are acting as co-managers for the offering.