Sonendo, Inc.

Sonendo, Inc. (SONX) priced its initial public offering on Nov 1, 2021 at $12.00 per share, below its $15.00–$17.00 range, raising $93.6M, and listed on NYSE. At the IPO price its market capitalization was about $315.4M. BofA Securities was lead-left underwriter, joined by Goldman Sachs, Piper Sandler and Stifel. Latham & Watkins advised the company and A&O Shearman advised the underwriters.

Sonendo, Inc. is a commercial-stage medical technology company focused on saving teeth from decay. Its GentleWave System, an FDA-cleared system for root canal therapy, cleans and disinfects the microscopic spaces within teeth without removing tooth structure.

Status

IPO

Ticker

SONX

Exchange

NYSE

Priced

Nov 1, 2021

IPO price

$12.00

Price range

$15.00–$17.00

Raised

$93.6M

Market cap at IPO price

$315.4M

First filed

Oct 8, 2021

Underwriters

BofA Securities, Goldman Sachs, Piper Sandler and Stifel

Company counsel

Latham & Watkins

Underwriters' counsel

A&O Shearman

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.