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Tag: SPAC IPO

23andMe(and Almirall and GlaxoSmithKline and now Virgin Group Too?)

Posted on May 10, 2021May 10, 2021 by Jason Kim

In February 2021, 23andMe announced its intention of going public via a special purpose acquisition (SPAC) IPO backed by Richard Branson, Founder of Virgin Group.1 The deal currently values 23andMe at $3.5 billion dollars, and Wojcicki and Branson each invested $25 million of their own money as part of the $250 million fund formed to…

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