Jan 28, 2021

Is 23andMe in Talks to Go Public?

From an article in Bloomberg News:

“Consumer DNA-testing company 23andMe Inc. is in talks to go public through a roughly $4 billion deal with VG Acquisition Corp., a special purpose acquisition company founded by billionaire Richard Branson, according to people familiar with the matter.

“A deal could be announced in the coming weeks if talks are successful, said the people, who asked not to be identified because the information was private. Discussions could still fall apart, the people said.

“In funding rounds in both 2018 and 2020, 23andMe had a $2.5 billion valuation, separate people familiar with the matter said. A merger with a special purpose acquisition company, or SPAC, would allow 23andMe to go public without the risk or uncertainty of holding an initial public offering.”

There is more information in the full article in the Yahoo web site at: