3D printing materials supplier Amaero (AMRO.US) restarts US IPO, fundraising amount plunges 60% to $20 million.

Amaero (AMRO.US), a producer of titanium and refractory metal powders for defense and aerospace 3D printing, restarted its U.S. initial public offering (IPO) on Thursday, filing a new document with the U.S. Securities and Exchange Commission (SEC) disclosing a reduced proposed share offering. The company, already listed on the Australian Securities Exchange, previously attempted a cross-listing on Nasdaq in September but postponed the plan due to unfavorable market conditions. The timing of the IPO has not yet been determined. The McDonald, Tennessee-based company now plans to raise $20 million by offering 3.9 million shares at an assumed offering price of $5.15 per share. That price is a converted value of Amaero's latest share price on the Australian Securities Exchange. The company had previously filed to raise up to $53 million by offering 7.5 million shares at $7.06 per share. Under the revised terms, Amaero's fundraising will be reduced by 62% from previous expectations, and its fully diluted market value will be $143 million (down 35% from previous expectations). It is understood that Amaero specializes in refractory metal and titanium alloy spherical metal powders for additive manufacturing, while also providing large near-net-shape components made using powder metallurgy hot isostatic pressing. Its products cover powder materials including niobium, tungsten, tantalum, molybdenum, rhenium and titanium alloys, designed for 3D printing of critical components in fields such as hypersonic weapons systems, satellite propulsion, strategic missiles, aerospace and medical applications. Amaero was founded in 2013. For the 12 months ended June 30, 2026, the company generated revenue of approximately $12 million. The company plans to list on Nasdaq under the ticker symbol "AMRO." Baird and Lake Street Capital Markets are joint bookrunners for the deal; the original lead underwriter, Stifel, is no longer serving as an underwriter.