Ginkgo Bioworks begins trading on the NYSE after completing SPAC merger [CNBC]
Soaring Eagle Acquisition Corp. - Unit (SRNGU)
Company Research
Source: CNBC
Shares opened at $11.15 apiece under ticker symbol “DNA,” giving the five-time CNBC Disruptor 50 company a market cap of nearly $2.5 billion. The biotech company merged with Soaring Eagle Acquisition Corp., the blank-check firm led by former MGM CEO Harry Sloan. Boston-based Ginkgo Bioworks began trading on the New York Stock Exchange on Friday, becoming the latest company to close a SPAC merger and go public. Shares opened at $11.15 apiece under ticker symbol “DNA,” giving the five-time CNBC Disruptor 50 company a market cap of nearly $2.5 billion. Ginkgo was started in 2009 by a team of MIT scientists intent on building made-to-order microbes that enable customers to grow rather than manufacture better products. The company calls itself the “organism company” because it designs and prints DNA, the building blocks that support all living things. The biotech company merged with Soaring Eagle Acquisition Corp., the blank-check firm led by former MGM CEO Harry Sloan. Soaring Eagle A
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