SmartDirectClub priced its initial public offering at $23 a share, opening Sept. 12 at $20.55 and closing at $16.67.
Out of the 109 companies that have gone public in 2019, SmileDirectClub’s debut was the fifth worst.
“We’re here to build long-term value with the stock,” SmileDirectClub co-founder Alex Fenkell told CNBC Sept. 12. “How [the stock] priced today I don’t think is going to dictate what we’re doing here.”
More articles on dental:
Aspen Dental opens second Walgreens location
Employee at Minnesota dental practice stole nitrous oxide, police say
9 dental companies making headlines
At the Becker's 5th Annual Future of Dentistry Roundtable, taking place September 14-15 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.
