Desktop Metal IPO
Desktop Metal is a leading additive manufacturing company that develops 3D printing technologies for mass production applications. The company focuses on metal and carbon fiber 3D printing systems for automotive, aerospace, and industrial markets. Investors were interested in its IPO potential due to the growing industrial 3D printing market and its innovative production-scale manufacturing solutions.
Key Facts
| Industry | 3D Printing Technology |
| Founded | 2015 |
| Headquarters | Burlington, MA |
| Employees | ~1,500 |
| Website | desktopmetal.com |
| Funding | Public via SPAC in 2020. Total raised: $400M+ pre-IPO |
About Desktop Metal
Desktop Metal specializes in mass production and rapid prototyping 3D printing systems, focusing on metal and carbon fiber additive manufacturing solutions for industrial applications. The company's technology addresses critical barriers in metal 3D printing, including speed, cost, and safety, making it viable for mass production rather than just prototyping. Their flagship Production System can print metal parts at speeds up to 100 times faster than legacy metal 3D printing technologies. Desktop Metal serves automotive, aerospace, healthcare, and consumer electronics industries, offering end-to-end solutions from materials to software. The company has expanded through strategic acquisitions, including ExOne for binder jetting technology, positioning itself as a comprehensive additive manufacturing platform for industrial customers seeking alternatives to traditional manufacturing methods.
IPO Status
Desktop Metal went public in December 2020 through a SPAC merger with Trine Acquisition Corp, trading on the NYSE under ticker symbol DM. The company was valued at approximately $2.5 billion at the time of the merger. The stock initially performed well but has faced volatility as the company works to scale its manufacturing operations and compete in the evolving 3D printing market. Since going public, Desktop Metal has made several acquisitions to expand its additive manufacturing portfolio and has been working to commercialize its production-scale 3D printing technologies. The company continues to focus on penetrating industrial markets where traditional manufacturing methods can be disrupted by additive manufacturing solutions.
Competitors
Frequently Asked Questions
Does Desktop Metal have a stock?
Yes, Desktop Metal completed its IPO in December 2020 through a SPAC merger with Trine Acquisition Corp. The company trades publicly on the NYSE under the ticker symbol DM.
When is the Desktop Metal IPO date?
Desktop Metal already completed its public offering in December 2020. The company is currently trading on public markets and no longer needs an IPO date.
How can I buy Desktop Metal stock?
You can buy Desktop Metal stock through any brokerage account since it trades publicly on the NYSE under ticker DM. The stock is available for purchase during regular trading hours through online brokers, traditional brokerages, or investment apps.
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