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.
The biotech company merged with Soaring Eagle Acquisition Corp., the blank-check firm led by former MGM CEO Harry Sloan. Shares opened at $11.15 apiece under ticker symbol "DNA," giving the five-timeGinkgo 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.
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