UPDATE 2-SmileDirectClub tumbles after IPO banks give thumbs up
Several “buy” ratings from
SmileDirectClub’s IPO banks failed to stop its stock
from dropping 7% on Monday, reflecting Wall Street’s deepened
distaste for money-losing startups in the wake of WeWork’s
botched attempt to go public.
SmileDirectClub’s IPO banks failed to stop its stock
from dropping 7% on Monday, reflecting Wall Street’s deepened
distaste for money-losing startups in the wake of WeWork’s
botched attempt to go public.
Posted by Reuters
