NewsBreak: SmileDirectClub Stock Slides After IPO


© Reuters.  © Reuters. – SmileDirectClub shares sank on their market debut Thursday after its IPO raised more than expected the night before.

  • Shares of the direct-to-consumer teeth alignment system company fell 15% to $19.48 shortly after it started trading midday.
  • SmileDirectClub (NASDAQ:SDC) raised $1.35 billion with its IPO, pricing 58.5 million shares at $23 per share, above the expected range.
  • The IPO valued the company at about $10 billion.

  • Source By Breaking News Website | BreakingNews.WS