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Why Materialise Stock Crashed 17% Today

TheMotleyFool

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Why Materialise Stock Crashed 17% TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Materialise NV (NASDAQ: MTLS) crashed 17.1% as of 11:20 a.m. EDT today, after the Belgian maker of software for 3D printers announced that it will be raising cash by selling at least 4 million American depositary shares (ADS), and perhaps as many as 4.6 million, at the price of $24 each.

Each Materialise ADS represents one single share of domestic common stock in Belgium, so the valuation on this one is pretty easy: 1-to-1.

Image source: Getty Images.

Source Fool.com

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