XJet Plans 2 Million Share IPO

By Stephen Nakrosis

Israel’s XJet said it plans to size its upcoming initial public offering at 2 million shares, with a price between $4 and $6 per share.
XJet said it uses patented technology based on a Nano-Particles Jetting process to create “extremely thin layers of ceramics or metal material.” The technology “enables the production at scale of geometrically complex and high-quality metal and ceramic end-use parts that are otherwise difficult or impossible to produce,” the company said.

For the year ending Dec. 31, XJet reported revenue of $6 million. In the prior year, the company had revenue of $3.4 million, it said.
Lucion, Alumot and ARCHina are listed among the company’s principal shareholders.
XJet said it applied to list on the Nasdaq Global Market under the symbol XJET.
Aegis Capital Corp. is listed as the offering’s sole book-running manager.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com