Investigation of SmileDirectClub, Inc.
Shareholder Alert: Robbins LLP is Investigating SmileDirectClub, Inc. (SDC)
Shareholder rights law firm Robbins LLP informs shareholders that it is investigating SmileDirectClub, Inc. (NASDAQ: SDC) for potential violations of federal securities laws pursuant to its September 2019 initial public offering (“IPO”). SmileDirectClub completed its IPO on September 11, 2019, offering 58.5 million shares at $23.00 per share. The next day, SmileDirectClub’s share price fell $6.33 per share, or over 27%, to close at $16.67. The stock has yet to recover and currently trades at around $19 per share, a 17% decline from SmileDirectClub’s IPO price. SmileDirectClub operates a teledentistry platform that provides members with aligner therapy treatment.
SmileDirectClub, Inc. (SDC) Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can send us a message via the Shareholder Information form below.