Israeli 3D printer maker XJet, known for its material-jet technology for 3D printing metal and ceramic parts, is looking to raise between $8 million and $12 million through an initial public offering on Nasdaq. The price is expected to be between $4 and $6 per share.
Yair Alcobi, the company’s CEO, told Times of Israel that despite the current market conditions, an IPO is the best platform for XJet to access capital and grow the company.
XJet is known for its patented nanoparticle jetting (NPJ) process, which uses inkjet printing technology to create extremely thin layers of ceramic or metal material. This can be used to produce parts from metal or ceramics comparatively quickly and precisely. XJet says its technology enables the production of “geometrically complex and high-quality metal and ceramic parts for end use that are otherwise difficult or impossible to produce.”
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