As it heads to the NASDAQ, Israeli electronics 3D printing pioneer Nano Dimension is trying to drum up investors with a continual news flow major to the big IPO. After obtaining approval of the NASDAQ to start trading, the firm has secured a date for the initially day of trading. Starting March 7, 2016, American depositary shares of Nano Dimension can start trading under the symbol “NNDM.”
Nano Dimension has created both a one-of-a-kind innovation and materials with which engineers can prototype or create one-off PCB boards. The DragonFly PCB printing device is created to rapidly print complicated, high-performance, multilayer circuit boards, with the latest version capable of both inkjetting nanoparticle inks, like the company’s own AgCite™ line of conductive material, and cleaning. In turn, engineers can 3D print multilayer circuitboards, RFIDs, and OLEDs.
Photo by Davide Sher.
Amit Dror, Chief Executive Officer of Nano Dimension, says of the new listing, “Becoming a NASDAQ-listed company is an significant step in our overall corporate development strategy as we appear to increase awareness of Nano Dimension inside the U.S. investment community and expand our presence in the U.S. market. This listing adds to new milestones for Nano Dimension, which include the confidence placed in our products by top-tier U.S.-based beta customers, a making agreement with Flextronics, new patent applications to additional solidify our leadership position in the industry, as well as new research grant approval of Israel’s Chief Scientist.” He adds, “As we list our ADSs on NASDAQ, our ability to communicate our progress with a broader audience, raise the visibility of our strategy, and generate additional value for our shareholders can improve significantly.”
With the Bank of New York Mellon acting as depositary, every US share can represent five ordinary shares in the company, which in addition trades on the Tel Aviv Stock Exchange under “NNDM.”