Xometry $347.9 million IPO
Davis Polk advised the underwriters in connection with the $347.9 million initial public offering of 7,906,250 shares of Class A common stock of Xometry, Inc. The shares sold include 1,031,250 shares sold pursuant to the underwriters’ over-allotment option. Xometry’s Class A common stock is listed on The Nasdaq Global Select Market under the symbol “XMTR.”
Xometry is a leading AI-enabled marketplace for on-demand manufacturing using proprietary technology to create a marketplace that enables buyers to efficiently source on-demand manufactured parts and assemblies, and empowers sellers of manufacturing services to grow their businesses.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Benson Richards, Claire A. Bacon and Jiachen (Lucy) Wang. Partner Frank J. Azzopardi and associates Daniel P. Kearney and Marisa Elena Bannon provided intellectual property advice. The tax team included counsel Kiara L. Rankin. Members of the Davis Polk team are based in the Northern California and New York offices.