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Business

SmileDirectClub files to go public




NASHVILLE, Tenn. (WTVF) – The direct-to-customer dental correction service, SmileDirectClub, formally submitted for initial public offer.

The Nashville-based company released its announcement Friday. It publicly filed a registration statement on Schedule S-1 to the U.S. Securities and Exchange Commission (SEC) regarding a proposed initial public offering of Class A. Shares.

The stock will be listed on the Nasdaq Global Select Market under the symbol "SDC. " However, officials said they have not decided how many shares will be offered or at what price.

J.P. Morgan and Citigroup act as lead bookkeepers for the proposed offer. BofA Merrill Lynch, Jefferies, UBS Investment Bank and Credit Suisse also act as bookkeepers for the proposed offer. Guggenheim Securities, Stifel, William Blair and Loop Capital Markets also act as co-managers of the proposed offer.

SmileDirectClub is one of several businesses that plays a major role in Nashville's growth.

In March, the company

promised to add more than 2,000 jobs to the Nashville business by 2025

which already had approx. 2000 employees.



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