BigRep's big slide
BigRep's big slide
The Atomic Layers: S2E16 (00042)
Atomic Layer of the Day:
The fact that it happened is not surprising. The fact that it happened so quickly and so drastically, however, is…
At the very end of July 2024, BigRep—a German manufacturer of large-format FDM/FFF 3D printers—made its debut on the Frankfurt Stock Exchange. The debut was possible thanks to the SPAC merger of BigRep GmbH and SMG Technology Acceleration SE. The initial share price was EUR 11.20, briefly spiking to EUR 17.40 before dropping back to EUR 11.
You might ask, what’s the price now? A month and a half after the debut?
EUR 2.20
Or to put it another way… In early August 2024, BigRep’s market valuation was around $230 million, and now it’s about $57 million. That’s a -75% drop in just six weeks. Since the debut! And nothing significant has even happened.
Unbelievable.
I checked. Since the debut, BigRep’s stock price has increased only six times—it has been steadily declining the rest of the time.
It’s also worth remembering that BigRep—a well-known and respected company in the AM industry—las year became the owner of another German manufacturer, HAGE3D. Together, the companies have over 1,000 installations of large, industrial 3D printing systems.
On the other hand, I’ve heard different stories… BigRep was a company that often needed reminding about payments. The acquisition of HAGE3D wasn’t due to BigRep having excess cash to spend, but rather to increase their joint market opportunities.
So, the fact that there’s a correction in the stock price isn’t surprising. But the speed and scale of it are…
Atomic Layer from the Past:
09-16-2014: Stratasys acquired GrabCAD.
Atomic News & Gossips:
The shares and market value of the two largest US companies: Stratasys and 3D Systems, rebounded somewhat last week. 3D Systems is again worth more than Materialise.
Interesting fact - Polish Spectrum Filaments is one of the three largest filament manufacturers in Europe, and its revenue in 2023 was less than 5 million dollars. Is it worth being a filament manufacturer in Europe?
Well, it's definitely not worth being a steel manufacturer. I encourage you to read my latest newsletter on LinkedIn...