A lot of really big IPO's happened recently so this one was kind of overshadowed. I find this company really interesting and the founder and some of the backing it's getting makes me really interested. Stock ticker ABCL.
Quote
AbCellera isn’t a biotech, but it provides an artificial-intelligence-powered R&D platform that helps speed up the drug discovery process. The company, which is backed by Peter Thiel, the co-founder of PayPal Holdings (PYPL) and Palantir Technologies (PLTR), is also profitable. AbCellera reported $1.9 million in income for the nine months ended Sept. 30, compared with a loss of $570,000 for the period a year ago.
The fact that this company is already making a profit and is backed by entities like the Gates Foundation to me means a lot. I think the crossing of AI and Biotech is really interesting and could yield some big gains over the next 10-20 years.
IPO'd at 20 but opened at 60 and faded to 47. I started a position at 46. This is the type of company that could go up 500% in the next 5 years and people wouldn't be surprised IMO.
This post was edited by ofthevoid on Dec 22 2020 08:50am