- Shares of SmileDirectClub SDC.O, a teeth alignment company, tumbled 10.7% in their market debut on Thursday, after the company’s initial public offering was priced above expectations.
SmileDirectClub had priced its initial public offering at $23 per share on Wednesday, above its initial target range of $19-$22, raising about $1.3 billion at a valuation of about $8.9 billion. The online dentistry startup reported total revenue of $423.2 million for the year 2018, a surge of about 190% from 2017. For the first six months of 2019, SmileDirectClub posted total revenue of 373.5 million.
Toothless.
JoeBiden Evenings_Star
Get real braces.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: