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Ginkgo Bioworks begins trading on the NYSE after completing SPAC merger

Ginkgo Bioworks begins trading on the NYSE after completing SPAC merger

9/17/2021 4:49:00 PM

Ginkgo Bioworks begins trading on the NYSE after completing SPAC merger

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.

The biotech company merged with Soaring Eagle Acquisition Corp., the blank-check firm led by former MGM CEO Harry Sloan.Jason Kelly, Founder, Ginkgo BioworksScott Mlyn | CNBC Shares opened at $11.15 apiece under ticker symbol "DNA," giving the five-time

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CNBC Disruptor 50company 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.

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