Nano Dimension offers 3D printing equipment and facilities designed for semiconductor additive manufacturing and high-end electronic parts. The new approach to chip manufacturing and modification opens up opportunities for rapid creation and testing of chips, and explosive stock gains have been prompted by signs of momentum for the adoption of the technologies of the Israel-based company.
Nano Dimension raised funds through equity sales, and in a transaction that raised $332.5 million, it completed a direct offer of 35 million shares last month. Over the past year, the company’s outstanding share count has risen and the combination of new offerings and large share price growth has pushed the market capitalization of Nano Dimension up by nearly 35,600 percent over the last 12 months.
The promising developments and unprecedented value surge by Nano Dimension have set the stage for uncertainty. In reaction to a steep sell-off, the company’s trade was temporarily suspended on Jan. 25, but the company nevertheless closed out the month with impressive profits.
In early February, the Nano Dimension supply moved up. In the month’s trading so far, the company’s share price has risen about 2 percent.
Nano Dimension currently has about $2.9 billion in market capitalization and is priced at about 119 times the projected revenue for this year. This is a young company with a potentially innovative technology that has yet to be implemented on a large scale, so it is not especially worrying that the company is running at a loss and priced at a massive number of its near-term sales capacity.
Right now, the overall semiconductor room is seeing good momentum, and at a critical time, Nano Dimension could finish providing an influential technology. For risk-averse buyers, the stock may not be a good match, but the firm is attracting a lot of interest and has interesting growth avenues.
Nano Dimension’s $500 million direct offering
Nano Dimension announced today on February 15th that is has entered into a definitive agreements with investors for the sale of 39,100,000 of the Company’s American Depositary Shares (“ADSs”) at a price of $12.80 per ADS pursuant to a registered direct offering.
The gross proceeds of the offering will be approximately $500 million, before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes, and pursuing strategic opportunities, including possible business combination transactions. The closing of the registered direct offering is expected to take place on or about February 18, 2021, subject to the satisfaction of customary closing conditions.GlobalNewswire
Is Nano Dimension a great investment?
In my opinion yes, one of the reasons Nano Dimension is trying to build their 3D printers is for digital inventory. Currently NNDM is trying to build 3D printers that can potentially manufacture items from digital inventories straight to their printers any where in the world. If someone had a 3D Nano Dimension Printer all they would have to do is send a file to a customer who bought a particular item and the customer can then upload the file into the 3D printer and print the item without having to wait long shipping/oversea shipping periods or any type of fees.