分享in the Canadian metal powder producer and plasma torch specialist热原发生首次开始在纳斯达克证券交易所进行交易。
联邦政府清除了其上市申请存放信托公司(DTC), Pyrogenesis started trading common shares under the ticker “PYR” on Thursday morning. While the firm also intends to continue listing its stock on the Toronto Stock Exchange (TSX), the move could now help boost brand awareness among its potential clients, as well as its appeal to future investors.
In anticipation of the company’s NASDAQ listing, its shares have risen steadily over the course of the week, increasing from $8.13 (CAD) to $9.72 (CAD). Since going live though, Pyrogenesis’ stock has remained fairly stable, initially jumping to $10.65 (CAD) before settling at around the $10.20 (CAD) mark.
“We are proud to have qualified as a NASDAQ member and we look forward to trading on this prestigious platform,” said Peter Pascali, CEO of PyroGenesis. “We expect that this will not only further increase PyroGenesis’ visibility within the financial community, but also increase awareness of our product offerings amongst potential clients.”
“对于公司来说，这是一个令人兴奋的里程碑，我们一直在考虑和努力努力一段时间。”
获得纳斯达克批准
Pyrogenesis’ NASDAQ application has been over three months in the making, with the company submitting itsformal bid to the SEC在2021年1月。自那以来,该公司已经不是sed the necessary regulatory checks, including DTC eligibility which is needed to ensure the seamless electronic trading of shares, paving the way for its final approval.
The company initially set out to gain admittance to the exchange by the end of Q1 2021, and having achieved this, it now intends to hold a Virtual Investor Summit from March 23rd-25th 2021. During the conference, Pyrogenesis is set to connect microcap firms with investors, but it could also provide a significant networking opportunity for the company itself.
Elsewhere, following its arrival on the NASDAQ, the firm has announced sweeping changes, including its immediate delisting from the OTCQB venture market. The company has also reshuffled its board, with CFO Michael Blank resigning as a Director, in order to maintain a clear division between the firm’s leadership team and Board of Directors.
In a series of other changes, the board has effectively appointed Ben Naccarato as Blank’s replacement, and set up two new committees to manage its affairs. Since completing the shake-up, Pyrogenesis has emphasized that its financial position remains unchanged, and that unlike similar NASDAQ listings, the move hasn’t required a reverse stock split.
Pyrogenesis on the rise?
早在1991年开始交易后，热构只是最近才申请纳斯达克交易所上市的巧合。在过去的三年中，该公司已开始迅速将其专利商业化等离子体雾化过程, which can be used to create 3D printing-compatible fine metal powders.
The firm’s accelerated growth strategy has yielded significant R&D developments, including theelimination of tungstenfrom its materials and the launch of its“ Nexgen”等离子体雾化系统。What’s more, the company’s advances have also been reflected within its financial results, and it predictedrevenue growth of up to 367%during Q4 2020.
Alongside its Q4 results, the firm’s board also announced its intention to buy back five million shares, stating that they didn’t “reflect the underlying value of the company, specifically its growth opportunities.” Although Pyrogenesis may not choose to take full advantage of the scheme, the move reflects the company’s confidence that its NASDAQ listing will yield share price rises in future.
同样，热原发生最近显示欧洲专利局has granted it a patent for a “Plasma Apparatus for the Production of High Quality Powders at High Capacity.” The move could well prove to be a significant advance, but it’s more than likely to be a timed attempt by the firm, to drive interest in its newly-listed shares.
However, while new stock listings sometimes capture the imagination of investors, they can also take time to take-off. For instance, during桌面金属first day as a public firm following its备受瞩目的IPO，该公司的股价下跌了24％。结果，目前尚不清楚热原的最新收入增长是否会转化为投资者的利益，但其股票在未来几个月内很可能波动。
3D打印的IPO趋势
While Pyrogenesis has been publicly-traded since 2011, an increasing number of 3D printing firms are now following suit, often in an attempt to cash in on potential investor goodwill.
Just last month, metal and carbon fiber 3D printer manufacturerMarkforged宣布了它plans to go public via a mergerwith the blank cheque companyone。该交易将于2021年夏季完成，将建立一家新现行的21亿美元公司，估计为4.25亿美元的资本。
In a similar move, California-based aerospace firmRocket Lab已经揭示了其打算与空白支票公司矢量收购公司合并的意图，going public as a joint $4.1 billion firm。一旦在2021年第2季度完成，合并业务将在纳斯达克岛上市，其扩张为7.5亿美元。
Outside the U.S, companies like large-format 3D printing specialistmassivit3d选择了go public via the Tel Aviv Stock Exchange(TASE), raising $50 million in the process. When the deal went through, it valued the firm at around $200 million, and the company is confident it can continue generating TASE interest in future.
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特色图像显示了粉状的SEM图像。图像通过热原发生。
