23 and Me is Going Public

Should you buy now or wait?

Photo by Photoholgic on Unsplash

The genetic testing firm is going public through a Special Purpose Acquisition Company(SPAC) instead of the traditional IPO process. 23 and Me isn’t going public through just any SPAC, its specifically making its debut through a Richard Branson(Virgin’s Founder) backed blank check company, $VGAC. The deal values the company at $3.5 billion.