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Laser engraving equipment is bulky and structurally complex; installation, calibration, and after-sales service are far more involved than for typical consumer electronics. Last November, xTool set up a European regional office in Berlin, Germany—signaling that its operations in the European market had entered a localization phase. At present, the company has rolled out more than 300 experience showrooms and over 40 service locations across Europe, covering pre-sales demos, installation guidance, and repair support.
TL;DR: Save $749 and get a like-new HP OmniBook X 14-inch (2024) for $649.99 — Snapdragon power, 16GB RAM, and up to 26 hours of battery life.
On the one hand, SpaceX would “only” be raising 3% of its total market cap in a $50 billion offering. A typical underwriter argument is that the underpricing cost, in this case almost $10 billion, is small change for the benefit of collecting a stable, loyal base of institutional shareholders, and getting lot of sell-side research from the book runners and other brokerage firms that underwrote the offering.