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Maple Grove's Proto Labs reduces size of planned IPO

Monday, February 13, 2012

Proto Labs, Inc. of Maple Grove had been planning an initial public offering aimed at raising $100 million, but recently filed papers modifying the goal to a more modest $65 million. In a Pioneer Press story about the filing, UST's Dave Vang comments that "it sounds like they wouldn't turn down $100 million, but they got their estimates down to a more concrete number that they need."

Proto Labs specializes in making custom parts for prototyping and short-run productions.

Originally published: 02/13/2012, Pioneer Press