Teeth-straightening startup SmileDirectClub increased the number of shares it will offer in its initial public offering, with the company looking to raise $1.29 billion, according to an S-1/A the company filed Sept. 3.
The company is offering 58,537,000 shares in the IPO, which are expected to price between $19 to $22 a share. The filing comes after SmileDirectClub reached a valuation of around $3.2 billion in October, after raising $380 million in a funding round, according to MarketWatch.
When the company announced its IPO in August SmileDirectClub sought to raise $100 million.
The company has applied to list on Nasdaq under the ticker symbol “SDC,” and J.P. Morgan and Citigroup are the lead underwriters on the deal.
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The company is offering 58,537,000 shares in the IPO, which are expected to price between $19 to $22 a share. The filing comes after SmileDirectClub reached a valuation of around $3.2 billion in October, after raising $380 million in a funding round, according to MarketWatch.
When the company announced its IPO in August SmileDirectClub sought to raise $100 million.
The company has applied to list on Nasdaq under the ticker symbol “SDC,” and J.P. Morgan and Citigroup are the lead underwriters on the deal.
More articles on dental:
Walmart to offer dental services in new clinic
Oregon woman says dental practice escorted her out for breastfeeding
Dental practice management company alerts 400 clients of ransomware attack