Is Grail IPO on the cards & can you buy its stock?

3 min read | December 16, 2021 07:33 AM EST | By Raza Naqvi

Is Grail IPO on the cards & can you buy its stock? — Image source: : © Solarseven | Megapixl.com

Can you buy Grail stock?

In September 2020, Grail announced that it had filed for an initial public offering (IPO) with the US Securities and Exchange Commission.

Is Grail publicly traded?

The biotechnology company had applied to list its shares on the Nasdaq and trade under the stock symbol GRAL. However, Grail withdrew its IPO plans after Illumina Inc. (NASDAQ:ILMN) acquired it.

Illumina completed the acquisition of Grail in August 2021 and the US Federal Trade Commission challenged the acquisition.

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As Grail did not become a publicly-traded company, interested investors cannot invest their money in this stock. However, there's an alternate option of investing in Illumina as it trades on the Nasdaq and its last closing price was US$ 391.74 per share.

Bottom line

There’s no announcement from Illumina about Grail’s IPO plans. Although the acquisition is completed, it is uncertain if Illumina will make Grail a publicly-traded company.

Illumina recorded a revenue of US$ 1,108 million in Q3 2021, representing an increase of 40 per cent year-over-year (YoY).

Meanwhile, the GAAP net income of the healthcare company was US$ 317 million in the third quarter of this year.

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