BUZZ-3D Systems drops on upsized $50 mln stock sale

3D Systems Corporation

3D Systems Corporation

DDD

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** 3D printer maker 3D Systems' DDD.N shares down 14.1% in premarket trading on Thurs to $3.10 after $50 mln follow-on priced

** Rock Hill, South Carolina-based co late Weds sold ~16.4 mln shares at $3.05

** Offering size boosted from $40 mln and priced at 15.5% discount to stock's last close

** DDD to use net offering proceeds to fund operations and growth, including for capex, working capital, and other general purposes, per the prospectus

** Needham and Craig-Hallum joint bookrunners

** DDD has ~146.9 mln shares outstanding

** Through Weds, DDD shares surged 92% this quarter

** 1 analyst rates the stock "buy", the other 3 rate "hold"; median PT $4, per LSEG data


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