Monday, October 11, 2021

Sonendo Files For IPO

Laguna Hills-based dental technology company Sonendo filed for an IPO on Friday, saying that it is looking to raise up to $100M in an IPO on the New York Stock Exchange. Sonendo said it has applied to list as SONX. The IPO is being underwritten by BofA Securities, Goldman Sachs & Co. LLC, Piper Sandler & Co., as well a s Stifel, Nicolaus & Company, Inc. Sonendo develops systems which are used for cleaning and disinfection during root canal procedures. Sonendo's backers include General Atlantic, OrbiMed, Meritech Capital, and EW Healthcare.