Branson-backed SPAC to take DNA-testing firm 23andMe public in US$3 5b deal businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
BENGALURU (Feb 4): A blank-check firm, backed by Virgin Group founder Sir Richard Branson, is taking consumer DNA-testing firm 23andMe public in a deal that values the merged entity at US$3.5 billion, the companies said on Thursday.
As part of the deal with VG Acquisition Corp, 23andMe will receive proceeds of US$759 million, which includes US$250 million from a range of investors including Branson, 23andMe co-founder Anne Wojcicki, funds managed by Fidelity Management & Research Co LLC, Altimeter Capital, Casdin Capital and Foresite Capital.
Billionaire Branson, a serial entrepreneur whose space tourism company Virgin Galactic went public through a deal with prolific blank-check investor Chamath Palihapitiya s special purpose acquisition company (SPAC) in 2019, is the latest celebrity to join the blank-check dealmaking frenzy.
A blank-check firm, backed by Virgin Group founder Sir Richard Branson, is taking consumer DNA-testing firm 23andMe public in a deal that values the merged entity at $3.5 billion, the companies said on Thursday. As part of the deal with VG Acquisition Corp, 23andMe will receive proceeds of $759 million, which includes $250 million from a range of investors including Branson, 23andMe co-founder Anne Wojcicki, funds managed by Fidelity Management & Research Co LLC, Altimeter Capital, Casdin Capital and Foresite Capital. Billionaire Branson, a serial entrepreneur whose space tourism company Virgin Galactic went public through a deal with prolific blank-check investor Chamath Palihapitiya s special purpose acquisition company (SPAC) in 2019, is the latest celebrity to join the blank-check dealmaking frenzy.
Duchossois family, once majority shareholders in Churchill Downs, sells back 1 million shares dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.
With 4 New ETFs, Fidelity Making More Waves in the Active Arena February 2, 2021
Fidelity is deepening its push into the actively managed exchange traded funds arena, saying Monday it will introduce ETF equivalents of four of its famed active mutual funds.
The Boston-based fund giant said it’s launching the Fidelity Growth Opportunities ETF (FGRO), Fidelity Magellan ETF (FMAG), Fidelity Real Estate Investment ETF (FPRO) and Fidelity Small-Mid Cap Opportunities ETF (FSMO) later this week. Those new active ETFs will trade on CBOE.
“The first three will each have a net expense ratio of 0.59% and use the same portfolio managers and research teams as their like-named mutual funds, while the Fidelity Small-Mid Cap Opportunities ETF will have a net expense ratio of 0.64% and utilize a new quantitative approach,” reports Jeff Berman for