Envista Holdings Corp

Envista Holdings Corp (NVST) priced its initial public offering on Sep 19, 2019 at $22.00 per share, within its $21.00–$24.00 range, raising $588.9M, and listed on NYSE. At the IPO price its market capitalization was about $3.4B. J.P. Morgan was lead-left underwriter, joined by Goldman Sachs, Morgan Stanley and Baird and others. Skadden, Arps and Latham & Watkins advised the underwriters.

Envista Holdings Corp is a dental products company with positions in implants, orthodontics and digital imaging. It develops, manufactures and markets dental consumables, equipment and services through operating companies Nobel Biocare Systems, Ormco and KaVo Kerr, serving dentists in over 150 countries.

Status

IPO

Ticker

NVST

Exchange

NYSE

Priced

Sep 19, 2019

IPO price

$22.00

Price range

$21.00–$24.00

Raised

$588.9M

Market cap at IPO price

$3.4B

First filed

Jul 22, 2019

Underwriters

J.P. Morgan, Goldman Sachs, Morgan Stanley, Baird, Evercore ISI, Jefferies, Credit Suisse, Stifel and William Blair

Underwriters' counsel

Skadden, Arps and Latham & Watkins

Sector

Healthcare

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.