Why voxeljet AG (VJET) Stock Is Up Today

NEW YORK (TheStreet) -- voxeljet AG  (VJET) rose Wednesday after the industrial 3D printing systems manufacturer announced the closing of its public offering of American Depositary Shares.

The company sold 3 million ADSs at $15 per ADS. Net proceeds from the offering totaled approximately $41.4 million after the deduction of underwriting discounts and commissions and estimated offering expenses. The offering also includes a 30-day option for underwriters to purchase up to an additional 450,000 shares at $15 per ADS, minus the underwriting discount, to cover any over-allotments. 

The stock rose more than 9% to a high of $16.65 for the day. More than 1.1 million shares changed hands as of 3:23 p.m., nearly double the average volume of 541,534.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

VJET Chart

VJET data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

Don't Panic! The Risk of a Recession This Year Is Low

Don't Panic! The Risk of a Recession This Year Is Low

3 Simple Reasons to Buy Bank Stocks With Juicy Dividends

3 Simple Reasons to Buy Bank Stocks With Juicy Dividends

If Big Tech Companies Disappoint on Earnings, Expect a Stock-Selling Tsunami

If Big Tech Companies Disappoint on Earnings, Expect a Stock-Selling Tsunami

Papa John's Adopts 'Poison Pill' as Fallout from Schnatter's Resignation Spreads

Papa John's Adopts 'Poison Pill' as Fallout from Schnatter's Resignation Spreads

Oil Prices Spike as Trump Fires Angry Tweet Warning Iran of Grave 'Consequences'

Oil Prices Spike as Trump Fires Angry Tweet Warning Iran of Grave 'Consequences'