Renaissance Capital logo

SmileDirectClub prices IPO at $23, above the range

September 11, 2019
SmileDirectClub logo

SmileDirectClub, which develops and sells at-home teeth straightening systems, raised $1.3 billion by offering 58.5 million shares at $23, above the range of $19 to $22. SmileDirectClub plans to list on the Nasdaq under the symbol SDC. J.P. Morgan, Citi, BofA Merrill Lynch, Jefferies, UBS Investment Bank and Credit Suisse acted as lead managers on the deal.