Company News: Desktop Metal Inc. listed on NYSE: Shenzhen Capital Group 's 179th IPO
On December 10, Desktop Metal Inc. (hereinafter referred to as "Desktop Metal", stock code: DM) was listed on the New York Stock Exchange through SPAC (Special Purpose Acquisition company), becoming the first listed overseas enterprise through direct investment by Shenzhen Capital Group Company (hereinafter referred to as "SCGC") since the inception of its internationalization strategy in 2017. SCGC has 23 listed investment enterprises in 2020, adding the total number of listed investment enterprises to 179 since its establishment.
Desktop metal is the world's leading supplier of 3D metal printing equipment and materials; and has become the world's largest 3D printing company in terms of market value after listing. SCGC and West Fountain Global Fund LP, an overseas parallel fund of West Fountain Parallel Fund (hereinafter referred to as "West fountain") jointly invested in the company.
In just three years, SCGC and West fountain have invested in more than 20 overseas high-tech enterprises, covering the United States, Germany, Israel, Japan and other countries, most of which have become unicorns in their fields.