Sun Dental Labs: Stock downturn drills into St. Pete dental firm's capital raise

Sun Dental Holdings LLC has backed off plans to raise millions of dollars in a public offering. The St. Petersburg-based dental technology and device manufacturing company withdrew its planned offering Tuesday. Derek Diasti, chairman and CEO, told Tampa Bay Business Journal that the offering was withdrawn because of current capital market conditions. A stock market plunge has dampened investor interest in initial public offerings, and there were none in January, MarketWatch reported. Sun Dental...