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Fresh off IPO, ‘biofacturing’ company Zymergen’s stock plunges about 70% after some really bad news

admin August 8, 2021

Less than four months after going public and being valued at more than $3 billion by Wall Street, Zymergen Inc. unleashed some bad news Tuesday afternoon, and was on pace to lose more than two-thirds of its market cap.

Zymergen shares
ZY,
-14.67%
plunged about 70% in after-hours trading Tuesday,

… Read more

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