Zymergen Inc.

ZY

We partner with Nature to design, develop, and commercialize bio-based breakthrough products that deliver extraordinary value to customers in a broad range of industries. Our first innovations include films designed for electronics companies to use in new categories of smart devices, including rollable tablets, and naturally derived UV protection. We create new products with a proprietary platform that unlocks the design and manufacturing efficiency of biological processes with technology’s ability to rapidly iterate and control diverse functions.

We call our process biofacturing, and it creates better products faster, cheaper and more sustainably than traditional chemistry by engineering microbes to make novel biomolecules that are the key ingredients in those products. Our goal is to launch our products in about half the time and 1/10th of the cost of what traditional chemicals and materials companies can deliver, which would allow us to address a wide array of commercial applications. Based on our experience and expectations with our first four products which are electronic films and insect repellent products, and subject to any regulatory requirements, which could lead to longer timelines and increased cost, we estimate the timelines and costs of launching our products to be roughly five years and $50 million. We founded Zymergen in the belief that biofacturing will lead to better products with better economics and a better world.

In the medium term, we are targeting approximately one product launch per year beginning in 2022, accelerating to two products and then at least three products per year over the longer term. Increasing our product launch rate is part of our strategy for long-term growth.
 

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$31.00 16,300,000 Positive High 32.66%

Offering Team

Deal Managers

  • J P Morgan Chase
  • Goldman Sachs
  • Bank of America Merrill Lynch

Lawyers

  • Wilson Sonsini Goodrich & Rosati, P.C

Auditors

  • Ernst & Young LLP

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

21 Apr, 2021

Offer

22 Apr, 2021

Look Ahead

Lock Up Expiry

22 Oct, 2021

Earning

Nov 1, 2018

IPO Terms

Offer Price $31.00
Offer Size 16M

Market Sentiments

Stock Price