ME - Once Valued At Billions 23andMe's CEO Considers Privatization To Secure Company's Future | Benzinga
Anne Wojcicki, co-founder and chief executive of 23andMe Holding Co (NASDAQ:ME), is contemplating taking the genetics testing company private.
This potential move comes after a tumultuous three years in public markets that witnessed a significant decline in the company’s valuation, once at $6 billion.
Founded in 2006, 23andMe went public in 2021 via a merger with a special purpose acquisition company, a deal that valued 23andMe at around $3.5 billion.
The SEC filing disclosed Wojcicki’s collaboration with advisers to explore a potential deal, expressing her intention to engage with prospective partners and financing sources.
Wojcicki, the former spouse of Google founder Sergey Brin, emphasized her opposition to any other buyer acquiring the company.
Ms. Wojcicki currently owns shares constituting more than 20% of the total outstanding shares and ...