- SmileDirectClub Inc.
SmileDirectClub Inc.
Website
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.
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, 2019Offer
12 Sep, 2019Look Ahead
Lock Up Expiry
12 Mar, 2020Earning
Nov 1, 2018IPO Terms
| Offer Price | $23.00 |
| Offer Size | 58M |
