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floblu14

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floblu14

Re: DewDiligence post# 239045

Tuesday, 08/03/2021 7:24:26 PM

Tuesday, August 03, 2021 7:24:26 PM

Post# of 257443
Fresh off IPO, ‘biofacturing’ company Zymergen’s stock plunges about 70% after some really bad news
Last Updated: Aug. 3, 2021 at 6:16 p.m. ET

Less than four months after going public, Zymergen announces that its sole current product is struggling, a major target market may not pan out, and the CEO is gone; more than two-thirds of $3 billion-plus valuation disappears.

Read more:
https://www.marketwatch.com/story/fresh-off-ipo-biofacturing-company-zymergens-stock-plunges-more-than-70-after-some-really-bad-news-11628025855
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