SmileDirectClub Inc.

SDC

SmileDirectClub was founded on one simple belief: everyone deserves a smile they love.

        We are the industry pioneer as the first direct-to-consumer medtech platform for transforming smiles. Through our cutting-edge teledentistry technology and vertically integrated model, we are revolutionizing the oral care industry.

        Our clear aligner treatment addresses the large and underserved global orthodontics market. An estimated 85% of people worldwide suffer from malocclusion, yet less than 1% receive treatment annually. Our goal is to improve penetration into this untapped market by democratizing access to a more affordable, convenient, and accessible solution for a straighter smile. We believe we are the leading player in this early but massive opportunity. We believe that our aligner treatment can help over 90% of people with malocclusion, to some extent, to achieve a better smile.

        The traditional orthodontic model, which includes both metal braces and clear aligner treatment administered through in-office doctor visits, suffers from many limitations; it is cost-prohibitive for many people, requires multiple inconvenient in-person appointments, and is not widely accessible. Specifically, traditional orthodontic solutions typically cost $5,000–$8,000 or more, require a series of time-consuming visits during limited hours, and are available in less than 40% of the counties in the U.S. alone. 
 

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$23.00 58,500,000 Positive High 81.58%

Offering Team

Deal Managers

  • J P Morgan Chase
  • Citigroup
  • Bank of America Merrill Lynch

Lawyers

  • Skadden, Arps, Slate, Meagher & Flom LLP

Auditors

  • Ernst & Young LLP

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

11 Sep, 2019

Offer

12 Sep, 2019

Look Ahead

Lock Up Expiry

12 Mar, 2020

Earning

Nov 1, 2018

IPO Terms

Offer Price $23.00
Offer Size 58M

Market Sentiments

Stock Price