Most of the answers here are wrong. The real reason is that when companies go pu... | Hacker News

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neural_thing on Sept 17, 2021 | parent | context | favorite | on: Ginkgo Bioworks (YC S14) is going public today

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 on Sept 17, 2021 [–]

See this for example - 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

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