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23AndMe To Go Public At $3.5Bn With Sir Richard Branson-Backed SPAC

 
• By Marion Webb

23andMe is teaming up with blank check company VG Acquisition Corp to go public, making the move into personalized health care.

Mergers and acquisition

23andMe, Inc. announced on 4 February it is becoming a publicly traded company through a merger with a special purpose acquisitions company (SPAC) backed by Virgin Group founder Sir Richard Branson in a deal that values the genetic-testing company at $3.5bn, including debt.

As part of the agreement with the blank check firm VG Acquisition Corp

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