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6K Additive secures A$48 million through initial public offering on the Australian Stock Exchange
Invest
6K Additive secures A$48 million through initial public offering on the Australian Stock Exchange
6K Additive, a prominent player in the advanced metal powders and alloy additions market, has made a significant stride by successfully completing its Initial Public Offering (IPO) on the Australian Stock Exchange (ASX). The company raised A$48 million at an offer price of A$1.00 per CHESS Depositary Interest (CDI), marking an initial market capitalisation of approximately A$267 million and an enterprise value of around A$206 million. The CDIs are now trading under the ticker symbol '6KA'.
6K Additive secures A$48 million through initial public offering on the Australian Stock Exchange
6K Additive, a prominent player in the advanced metal powders and alloy additions market, has made a significant stride by successfully completing its Initial Public Offering (IPO) on the Australian Stock Exchange (ASX). The company raised A$48 million at an offer price of A$1.00 per CHESS Depositary Interest (CDI), marking an initial market capitalisation of approximately A$267 million and an enterprise value of around A$206 million. The CDIs are now trading under the ticker symbol '6KA'.
The IPO garnered robust support from a diverse array of new institutional investors, family offices, sophisticated investors both in Australia and abroad, as well as existing shareholders. This financial milestone is set to bolster 6K Additive's ambitious expansion plans, aimed at enhancing its production capacity and broadening its product offerings to meet the increasing demand from its global customer base.
Frank Roberts, CEO and Managing Director of 6K Additive, expressed his enthusiasm about the successful IPO, stating, "The IPO and resulting capital fast-track the realization of our vision and achieve the scale with attractive unit economics and unique material breadth required by customers in defense, aerospace, energy, and medical markets." Roberts highlighted the strategic importance of the company's relationship with the U.S. Department of War and Tier-1 contractors, noting that their products and technologies have been integrated into critical supply chains.
The newly raised capital, combined with a US$23.4 million grant from the U.S. Department of War’s Defense Production Act Title III, positions 6K Additive to significantly scale its operations. The company plans to increase its metal-powder production capacity from approximately 200 metric tons to 1,000 metric tons and initiate commercial ingot production capabilities. Construction is already underway at its 45-acre global headquarters in Burgettstown, Pennsylvania, where the expansion includes additional UniMelt® systems, new structures for feedstock preparation, and facilities for melting operations and refractory production.
In addition to the IPO proceeds, 6K Additive recently secured a US$27.4 million loan from the Export-Import Bank (EXIM Loan), which provides further financial flexibility for future growth initiatives. This loan complements the DPA Title III Grant, enabling the company to finance the construction of four new buildings and acquire advanced equipment for producing titanium, nickel powders, and alloy additions.
David Seldin, Chairman of the Board at 6K Additive and Managing Partner of Anzu Partners, shared his insights on the company's growth trajectory. "As an institutional investor in 6K Additive from its inception, I witnessed this organisation grow to the leading domestic provider of metal powders and alloy additions. The breadth and quality of 6K Additive’s products, the trusted relationship with the US Department of War and the dedicated employee talent, underscores the potential this organization has in the coming 3-5 years," Seldin remarked.
The company’s sales pipeline has seen substantial growth, reaching US$240 million by the end of November 2025, an increase of US$10 million over the past two months. This surge underscores the strong demand for 6K Additive's premium metal powders. As demand continues to rise, the company remains committed to scaling production and optimising operational performance to deliver exceptional value to its customers and partners.
6K Additive is poised to capitalise on strategic growth opportunities with key clients across aerospace, defence, energy, and industrial sectors. The company’s proprietary UniMelt® plasma technology is central to its production of high-performance premium metal powders and alloy additions, offering a comprehensive portfolio that includes Nickel, Titanium, Copper, and various refractory powders.
To provide further insights into its strategy and recent achievements, 6K Additive will host an investor webinar on Friday, 5 December 2025, at 11.30 am Sydney time. This event will offer an overview of the company’s operations and allow investors to engage directly with the leadership team.
As 6K Additive continues to expand its capabilities and market reach, the company remains a trusted supplier of premium metal powders for additive manufacturing and alloy additions. Headquartered in Burgettstown, Pennsylvania, 6K Additive is committed to sustainable manufacturing processes, leveraging feedstock such as certified turnings, millings, and used additive powder to produce high-quality, domestically sourced metal powders.
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