Becoming a Top Technology Stock: How Nano Dimension Skipped an IPO to Become a Public Company

Founded in 2012, Nano Dimension (TASE:NNDM,OTCQX:NNDMY) is a young and growing company focused on the research and development of advanced 3D printed electronics.
In particular, the company specializes in additive manufacturing for multilayer printed circuit boards (PCBs) and the development of complementary products, such as nanotechnology-based inks. The company is generating the most buzz for the rapid prototyping capabilities of its DragonFly 2020 3D printer, specially designed to create PCBs.
Today, the company is listed on the OTCQX in the US and on the Tel Aviv Stock Exchange in Israel, with forthcoming plans to list on NASDAQ. To find out more about the company’s unusual path to becoming public and its success as a hot new technology stock, the Investing News Network interviewed CEO Amit Dror. Here’s what he had to say. 

Pursuing a reverse merger in Israel’s tech market

Nano Dimension is a complex company that relies on “chemistry, physics, materials, hardware and software” to build its products. In other words, even in its infancy it was in need of upfront capital to fund its innovations. However, Dror was finding it difficult to raise that money in Israel’s tech market.

Benefits and drawbacks of a reverse merger

Nano Dimenson’s path to becoming a public company is unusual, and although he wouldn’t recommend it for every tech company, Dror reflected that “generally, it was a very positive experience for us.” Today, Dror counsels other CEOs about whether or not this process is right for their company.
The benefits are obvious: the influx in capital from the reverse merger process is what enabled Nano Dimension to move forward with its innovative vision for the additive manufacturing space. The drawbacks, however, should also be considered.
For instance, market instability is one potential drawback of this path. Dror looked back to August of last year, when China was experiencing its first economic hiccups. “That was pretty scary being a pre-revenue company,” he mused. Luckily, due to the timing of the company’s funding, it almost wasn’t affected by the market downturn. Even so, it was a sobering reminder that, on the public market, external systems can have a big impact on individual companies. 

Future markets for Nano Dimension technology stock

Currently, Nano Dimension is several months into the process of listing on the NASDAQ. Its movement from the Tel Aviv Stock Exchange to the OTCQX in the US and now to the NASDAQ reflects its growth.
This latest move was prompted by customer and investor demand. Dror had been hearing the refrain of “why aren’t you listed on NASDAQ?” from his US-based customers, and realized that it was time to make the shift. So far, the entire process has been quite seamless.
Considering its age, Nano Dimension seems like a remarkably mature company. A lot of this maturity can be attributed to Dror’s recognition of the need to ask people for help: “our approach is that if you want to do something right, you need as many experts as possible in different fields,” he emphasized. In doing so, he seeks to gain wisdom, avoid mistakes and reduce risk for investors. Investors in both Israel and the US will be keen to watch the next steps for this growing company.