Xometry announces proposed initial public offering
Xometry, Inc., an AI-enabled marketplace for on-demand manufacturing, headquartered in Gaithersburg, Maryland, USA, has announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its Class A common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. Xometry intends to list its Class A common stock on the Nasdaq Global Select Market under the symbol “XMTR.”
Goldman Sachs & Co. LLC, J.P. Morgan and UBS Investment Bank will act as joint lead book-running managers and as representatives of the underwriters for the proposed offering. Citigroup, BofA Securities, William Blair and RBC Capital Markets will also act as book-running managers.
Xometry states that the proposed offering will be made only by means of a prospectus, and when available, copies of the preliminary prospectus relating to the proposed offering may be obtained. A registration statement on Form S-1 relating to these securities has been filed with the SEC but has yet to become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
Xometry uses its proprietary technology to create a marketplace that enables designers and engineers to rapidly source high-quality on-demand manufactured parts and assemblies. Its platform offers manufacturing services in order to grow sellers’ businesses. The company’s online quoting portal and network of thousands of manufacturing facilities ensure fast lead times and offers a range of capabilities, including Additive Manufacturing, CNC machining, injection moulding, sheet metal, and casting.
