Henry Crown and Company achieved an exit as the root canal technology developer listed on the New York Stock Exchange below its IPO range.
US-based dental technology developer Sonendo floated on the New York Stock Exchange on Friday, in a $94m initial public offering (IPO) that marked an exit for conglomerate Henry Crown and Company.
Sonendo issued 7.8 million shares at a price of $12 apiece, below its target range of $15 to $17 a share, and they had slipped to $9.20 at the end of its first day of trading.
Founded in 2006, Sonendo has developed a technology platform called GentleWave System that…
