SmileDirectClub Now Trading on Nasdaq

Dentistry Today


SmileDirectClub launched its initial public offering of 58,537,000 shares of Class A common stock at a price of $23 per share. Underwriters have a 30-day option to purchase up to 8,780,550 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions. The offering is expected to close on September 16, subject to customary closing conditions.

The stock is now trading on Nasdaq under the symbol SDC. JP Morgan and Citigroup are serving as lead book-running managers for the offering. BofA Merrill Lynch, Jefferies, UBS Investment Bank, and Credit Suisse also are acting as book-running managers for the offering. Guggenheim Securities, Stifel, William Blair, and Loop Capital Markets are acting as co-managers for the offering as well. The offering is being made only by means of a prospectus.

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