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Most of the answers here are wrong. The real reason is that when companies go public through a regular IPO, they can't show projected financials, only actual re
by neural_thing 5y ago
Most of the answers here are wrong. The real reason is that when companies go public through a regular IPO, they can't show projected financials, only actual results.
Ginkgo has poor results so far, but huge projections, which a fair number of people believe. So, SPAC.
- neural_thing 5y agoSee this for example - https://www.ginkgobioworks.com/wp-content/uploads/2021/05/Ginkgo-Bioworks-Investor-Presentation-May-2021.pdf https://www.ginkgobioworks.com/wp-content/uploads/2021/05/Gi... They had 18% revenue growth in 2020 but project 75%+ revenue growth through 2025. If you do a regular IPO, you can't post numbers like this