Xometry down after pricing $250 mln convertible deal

Xometry

02/02/2022 15:42

** Xometry Inc  XMTR.O  shares down 4.0% at $42.27 after
3D-printing marketplace raises capital
    ** Co prices 1% $250 mln 5-yr convertible notes  urn:newsml:reuters.com:*:nGNXbhhR6T
    ** Conversion price of $56.11 represents 27.5% premium to
stock's last close
    ** Stock on Tues tumbled 14.8% after co announced offering
for working capital, general corp purposes and acquisitions
 urn:newsml:reuters.com:*:nL1N2UC1CH
    ** Co has ~$2 bln market cap, per Refinitiv data
    ** Stock has more than halved from debut-day close of $87.39
on Jun 30, 2021 after co's IPO priced at $44
    ** Avg Wall Street rating on XMTR is 'buy' and median PT is
$67.50, down from $85 on Nov 2 - Refinitiv

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))