Zortrax 3D printers mulling IPO in 2015?
PR dla Zagranicy
John Beauchamp
06.02.2015 13:00
Polish 3D printer producers Zortrax may decide to issue an initial public offering on Warsaw’s stock exchange this year, Zortrax CEO Rafał Tomasiak has said.
Karolina Bołądź (COO), Rafał Tomasiak (CEO) and Tomasz Drosio (CFO) of Zortrax. Photo: Press materials
“Currently we are looking at various sources of financing and simultaneously working on turning the company into a stock offering company [SA],” Tomasiak told ISBnews, adding that “the bourse is a natural step for such a company as ours and also the optimal choice, because apart from capital we can also gain new investors who will help Zortrax’s development”.
“At the moment we have funds for financing development through share issues and ongoing profits, but we are not discounting a possible IPO this year,” Tomasiak said.
Last year the company went through with a bond issue in January and March 2014 which raised PLN 7.2 million for product development.
“This money allowed us to increase the scale of our operations, but also thanks to the extra funds we will be able to take the business to the next level,” Tomasiak said.
The Zortrax project kicked off in 2009 as the brainchild of Tomasiak and Marcin Olchanowski. Over the years, the company has grown and in 2013 managed to raise USD 180,000 on Kickstarter, a crowdfunding platform.
In October 2014 Zortrax opened a stanionary 3D printing store in Kraków, southern Poland. (jb)