This IPO is not off to a great start...
Shares of SmileDirectClub Inc. SDC, -18.17% didn't get off to a great start Thursday, as the teeth-straightening company's stock opened 10.7% below the $23 IPO price. The first trade was at $20.55 at 11:58 a.m. Eastern for 8.5 million shares. The stock has fallen further since, and was recently trading 15% below the IPO price. The decline was likely a surprise to the company and investors, as the IPO priced above the expected range of $19 to $22.
See Full Story SmileDirectClub went public: 5 things to know about the teeth-straightening startup Teeth-straightening startup SmileDirectClub Inc. went public Thursday, with the stock opening below the IPO price.
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