As Synthetic Biology Company Ginkgo Bioworks Starts Trading, Its Five Founders Briefly Become Billionaires

📆 18/9/2564 23:21:00
📰 Forbes

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Some 400 Ginkgo Bioworks employees traveled to NYC to celebrate the company’s first day of trading on the NYSE. Many were now millionaires, while Ginkgo’s five founders’ stakes approached $1 billion each at day’s end.

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their families and some 400 employees stand in front of a T Rex poster celebrating the start of trading on the NYSE.Some 400 employees of synthetic biology company Ginkgo Bioworks traveled to New York City to celebrate the company’s start of trading today on the New York Stock Exchange. In the late morning, the Boston-based company’s shares peaked at $14.

in a Zoom call from the floor of the stock exchange. “We’re a bunch of nerds. . . . All that value is in Ginkgo, it’s not a billion dollars in cash in your pocket.” Ginkgo was founded in 2008 by MIT Ph.D. classmates Kelly, Shetty, Canton and Che and their professor Knight. Shetty and Canton are married.allowing them to reinvent the way we make everything from fertilizers to industrial products.

Named after a dinosaur-era tree that’s a living fossil, Ginkgo has taken a dual approach: It receives revenue from its foundry, and it has created a portfolio of companies in diverse industries, including Joyn Bio, focused on ag tech, and Motif Foodworks, in alternative proteins.

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