SmileDirectClub prices IPO at $23, above the range

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.

The article SmileDirectClub prices IPO at $23, above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest IPOs Videos

    Portillo’s Inc. Rings the Nasdaq Stock Market Closing Bell in Celebration of its IPO

    Portillo’s Inc (Nasdaq: PTLO) visits the Nasdaq MarketSite in Times Square to celebrate becoming a public company.
    Michael Osanloo, President and CEO of Portillo’s, rings the Closing Bell on behalf of the company to mark the occasion.

    3 days ago

    Renaissance Capital

    Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

    Learn More