Xometry Launches $225 Million Public Offering

Corporate Action

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Summary · why it matters

Xometry Inc. has initiated an underwritten public offering of its Class A common shares worth $225 million. The company plans to use the net proceeds for general corporate purposes and working capital needs, with J.P. Morgan and Goldman Sachs & Co. acting as joint book-runners. The offering follows a strong first-quarter performance that led Citi to raise its price target on Xometry from $65 to $98 while maintaining a Buy rating, citing accelerating marketplace growth and a partnership with Siemens expected to drive faster growth and profitability.

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