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SmileDirectClub Stock Drops 27.5% on Opening Day

By
Carleton English
· · Source: The Information

There were a lot of grimaces at the Nasdaq during SmileDirectClub’s first day of trading, when shares plunged 27.5% Thursday from the IPO price of $23 to close at $16.67. The stock opened at $20.55 and fell from there. SmileDirectClub, which sells plastic teeth-straightening aligners direct-to-consumer, has faced mounting losses. It incurred a net loss of $74.8 million on $423.2 million in...

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