Teeth-straightening startup SmileDirectClub plunged 28% on its first day of trading, marking the year’s worst stock-market debut for a U.S. company valued at over $1 billion
Reality bites for teeth-straightening startup SmileDirectClub Inc., which plunged 28% on its first day of trading.
Shares of the Nashville, Tenn.-based company closed at $16.67 Thursday, a day after it raised $1.35 billion in an initial public offering. The deal priced at $23 a share, above the expected range of $19 to $22.
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