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SDC - SmileDirectClub stock falls 3.7% after secondary offering prices
SmileDirectClub, Inc. - Ordinary Shares - Class A
SmileDirectClub (SDC) declines 3.7% in premarket trading after Bloomberg reports that an offering of its shares by holder Clayton Dubilier & Rice is said to price at $11.75 per share.The price represents a 5.85% discount to Monday's close of $12.48.CDR plans to sell 10M SDC shares, Bloomberg reports, citing a person familiar with the matter.See SDC's total return vs. the S&P 500 over the past six months: Who owns SDC, by investor type: