[ad_1]
There are not too many smiles in the offices of SmileDirectClub today.
The telrentism start-up, specializing in tooth smoothing, launched its IPO and its first day on Nasdaq by opening about 14%, announces Yahoo Finance, and then continuing its first steps as a publicly traded company. falling even more early in the afternoon.
SmileDirectClub is about to be one of the 15 worst starts of this year and by far the worst unicorn of a billion dollars to be made public this year, CNBC rating. It is a little surprising that his IPO was such a sinking in this huge money deposit, because unlike many of his unicorns, SmileDirectClub is what CNBC describes as "at the limit of profitability", through its products shipped to four countries, expanding its product line to include teeth whitening and lip balm and launching contracts with CVS Health and Walgreen Boots Alliance. The stock market, however, was not impressed by this near-profitability.
CFO Kyle Wailes, from SmileDirectClub, thinks these frowns will soon be reversed. He told Yahoo Finance that the company was ignoring the bad news, but was focusing on the positives, which she saw as potential in the long run because people would not have their teeth up.
[ad_2]
Source link