CNBC April 18, 2024
Key Points
– 23andMe CEO Anne Wojcicki is considering a proposal to take the genetic testing company private after it has struggled to juice its stock price.
– Shares have tumbled more than 95% from their 2021 highs.
– Wojcicki is working with advisors and plans to begin speaking with possible financing sources and partners, according to an SEC filing late Wednesday.
– The company went public in 2021 via a merger with a special purpose acquisition company, which valued 23andMe at around $3.5 billion.
Anne Wojcicki, the CEO of 23andMe, is considering a proposal to take the genetic testing company private after its stock price tumbled more than 95% from its 2021 highs.
A late Wednesday filing with the...
Today's Sponsors
Today's Sponsor