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Richard Branson is taking 23andMe public

The genetic testing company announced it will go public via a SPAC with Richard Branson's Virgin Group, at a valuation of $3.5 billion. Branson was an early investor in the company.

CEO Anne Wojcicki and Branson both invested $25 million into the $250 million PIPE accompanying the SPAC. The company is set to go public in the second quarter of this year.

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