BUZZ-Xometry slides on $225 mln equity raise

Jpmorgan Chase
Xometry, Inc. Class A
Goldman Sachs Group, Inc.

Jpmorgan Chase

JPM

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Xometry, Inc. Class A

XMTR

0.00

Goldman Sachs Group, Inc.

GS

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** AI-native manufacturing marketplace Xometry's XMTR.O shares down 9.7% at $86 before the bell after $225 mln follow-on priced

** North Bethesda, Maryland-based firm early Tues said it sold ~2.65 mln shares at $85

** Offering price is 10.8% discount to stock's last close

** Co intends to use net offering proceeds for working capital and general corporate purposes

** J.P. Morgan and Goldman Sachs leading the offering as joint bookrunners

** XMTR has ~53.6 mln shares outstanding

** Through Mon, stock up 60% YTD. It hit an intraday record high of $99.86 on Mon

** 7 of 10 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $86.50, per LSEG