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

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