Quick Take
Envista (NVST) has filed to raise gross proceeds of up to $602 million from a U.S. IPO, according to an S-1/A registration statement.
The firm provides dental consumables, equipment and services for practice professionals.
NVST has produced anemic growth or contraction, has high IPO valuation expectations, and will take on additional debt to pay off its parent, Danaher, so I'll be watching the IPO from the sidelines.
Company & Technology
Brea, California-based Envista was formed in 2019 by Danaher (DHR) and comprises three of the corporation’s dental segment