Explore ways to buy Mammoth Biosciences stock as the IPO approaches. Get access to select pre-IPO startups at Equitybee.
Mammoth Biosciences Recent News
11/18/2022: How Mammoth is chasing CRISPR 2.0 with a smaller pair of scissors
03/12/2022: The 30-year-old female founder at the forefront of CRISPR gene editing
09/27/2021: What Drives Crispr Unicorn Mammoth Biosciences
09/09/2021: Mammoth Biosciences Gains Unicorn Status
What is Mammoth Biosciences?
Mammoth Biosciences is a diagnostics and therapeutics company aiming to discover novel CRISPR technologies to identify, treat, and cure diseases.
CRISPR is an acronym for clustered, regularly interspaced short palindromic repeats.
Scientists can use CRISPR technology to edit the DNA of organisms, including humans.
CRISPR promises the potential to cure hundreds of rare genetic diseases and disorders, such as sickle-cell anemia, diabetes, cancer, and congenital eye diseases.
Mammoth Biosciences was co-founded by Jennifer Doudna, Janice Chen, Lucas Harrington, and Trevor Martin. While Martin was a biology Ph.D. at Stanford, he was intrigued by a paper written by Doudna and emailed her. She connected him with researchers Chen and Harrington at Cal Berkeley.
Doudna received the Nobel Prize in Chemistry in 2020 “for the development of a method for genome editing.”
The company is based in Brisbane, CA, just south of San Francisco.
Here’s an interview with Mammoth Biosciences CEO Trevor Martin, talking about the future of gene editing using CRISPR technology.
Is Mammoth Biosciences Publicly Traded?
No. Mammoth Biosciences is a private company.
Multiple public investable companies exist in the exciting CRISPR field, including Beam Therapeutics, CRISPR Therapeutics, Editas Medicine, and Intellia Therapeutics.
But most focus on therapeutics. Mammoth Biosciences is a trailblazing company in CRISPR as a diagnostic tool.
Who Owns Mammoth Biosciences?
Mammoth Biosciences is a venture-backed biotech startup. It has raised more than $250 million in private funding.
The latest funding round was a Series D led by Redmile Group, securing $150 in September 2021. This followed the announcement of a Series C that raised $45 million in November 2020.
Prominent venture capital investors joining Redmile include Decheng Capital, Foresite Capital, Greenspring Associates, Mayfield, NFX, Pacific 8, 8VC, Plum Alley, Redmile, Senator Investment Group, Sixth Street, Vreily, aMoon, WireFrame Ventures, Brook Byers (Senior Partner at Kleiner Perkins), and Tim Cook (CEO of Apple).
Mammoth Biosciences Valuation
The Series D round completed in September 2021 set the Mammoth Biosciences valuation at about $1 billion, making it an official unicorn.
Startups typically raise funds at least every two years. It is unlikely that Mammoth Biosciences profitable at this stage. Therefore, we expect to see a fresh funding round in 2023.
What is the Mammoth Biosciences Stock Price?
Mammoth Biosciences does not have a stock price yet. The company is still private.
The private Series D funding round was completed at $13.45 per share.
When is the Mammoth Biosciences IPO Date?
Mammoth Biosciences has yet to file for an IPO.
Co-founder Janice Chen indicated in an interview with CNBC that the founders see a $100 billion revenue opportunity based on the potential of the CRISPR technology, and Mammoth Biosciences has no intent to be acquired.
Biotechnology companies sometimes go public before they are profitable or even pre-revenue.
Venture capital investors prefer to liquidate shares when the market supports an IPO.
We can estimate the Mammoth Biosciences IPO date when the company files a Form S-1 with the SEC, either confidentially (if announced) or to the public. IPOs occur about six weeks to two months after the publicized S-1 filing.
News about the company taking steps toward an IPO, such as hiring an investment banking firm or “exploring options to go public,” may hit the media before then.
Please bookmark this page for the latest news regarding the Mammoth Biosciences IPO date.
What is the Mammoth Biosciences Stock Symbol? Ticker?
There is no Mammoth Biosciences stock symbol yet.
When the company files a Form S-1 with the SEC to go public, it will disclose the stock ticker.
Here are a few potential Mammoth Biosciences stock tickers that appear to be available in the U.S.
- MMTH
- MAMM
How to Invest in Mammoth Biosciences Stock
Since Mammoth Biosciences is not a public company yet, there are limited options to buy the stock. As the company matures and approaches its IPO date, the opportunity to invest will become more widespread to retail investors.
Accredited investors may find opportunities to invest in Mammoth Biosciences stock via pre-IPO investing platforms.
Non-accredited investors will need to be more patient.
The only potential way to access pre-IPO companies is through a fund such as the Fundrise Innovation Fund or ARK Venture Fund. Neither fund holds Mammoth Biosciences stock at this point.
These funds enable investors to own pre-IPO companies with the accreditation hurdle.
Everyone else will need to wait until the IPO or after the IPO completes.
1. Buy Mammoth Biosciences Stock Pre-IPO
The author has seen evidence of Mammoth Biosciences share availability on pre-IPO investing platforms at a valuation below the Series D funding round.
Over the past decade, a handful of pre-IPO investing platforms have emerged to bring liquidity to pre-IPO company investors.
Equitybee provides accredited investors access to pre-IPO startups by funding employee stock options when they leave a company while still private. In exchange, investors gain a portion of the future stock value.
Other popular pre-IPO investing platforms include EquityZen, Forge Global, and Linqto.
Shares on these platforms become available when employees or other early investors want to liquidate a portion of their shares without waiting for the IPO.
To be eligible to participate in pre-IPO direct investments, investors must be accredited and have a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
Investors must also be registered and approved on pre-IPO investing platforms to indicate interest and receive notifications when company private stock becomes available.
Deal availability varies among pre-IPO platforms. Some provide transparency to non-registered onlookers, while others require signing up for an account.
Companies with higher valuations and wider pre-IPO equity dispersion usually present more investment opportunities. Often companies with a long history do as well.
Larger funding rounds and IPO delays often increase pre-IPO share availability.
If shares become available, expect at least a $10,000 investment minimum to invest in pre-IPO companies. Funds such as the Fundrise Innovation and the ARK Venture allow investing for $500 or less.
2. Buy Mammoth Biosciences during the IPO through a participating broker
IPO investors can find opportunities to buy stock during the IPO, acquiring shares at the IPO price on the date before the company begins trading on the stock market.
Often reserved for Wall Street’s best customers, IPO access has become more attainable to investors in the past five years.
Online brokers, such as the following list, give customers free access to IPOs, even with low account balances.
Brokers often negotiate exclusive IPO share allocations to retail investors. Your access to specific high-demand IPOs may be limited by how many brokerage accounts you have.
TradeStation and Webull have a longer track record of accessing more than 200 IPOs and secondary offerings via their partnership with ClickIPO.
Robinhood and SoFi have the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy Mammoth Biosciences stock after the IPO
There are advantages to waiting for the stock to become publicly traded before owning it.
First, the IPO allows investors to review financials. Pre-IPO investing has limited financials available.
Second, IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
IPOs start off with the price surging when there is high demand. But the stock often falls once the first and second-quarter earnings reports become available.
Waiting for the IPO gives retail investors a way to gauge stock performance before buying.
Avoid buying overvalued shares immediately after the IPO. This is especially dangerous for unprofitable companies.
Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments.
However, the most disruptive companies will likely be higher in a decade. Patience pays.
My favorite broker for long-term buy-and-hold investing is M1 Finance.
Where can I find the Mammoth Biosciences IPO S-1 Filing?
Mammoth Biosciences hasn’t submitted an S-1 filing to the SEC yet.
We’ll post a link and embed a PDF file here when the filing goes live.
Until then, you can check out the most recent S-1 filings in our S-1 filings feed.
Conclusion
Investors get excited when they identify companies riding extraordinary macroeconomic trends (e.g., CRISPR).
This can lead us to private companies and the desire to own them.
However, buying the stock early on can often prove difficult for retail investors. Access and financial information to perform proper due diligence are limited.
Though pre-IPO investing platforms have given us more opportunities, venture capital investing is still primarily reserved for the ultra-wealthy, requiring millions to invest in seed and early funding rounds for disruptive companies.
If you pursue IPO shares and early equity, maintain reasonable expectations.
If you identify several favorite IPO companies, you may eventually be able to invest in some if you follow the news and sign up for pre-IPO platforms.
If Mammoth Biosciences stock is on your watch list, good luck. Invest in pre-IPO and IPO companies with caution.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long HOOD, CRSP, the Fundrise Innovation Fund, and the ARK Venture Fund.
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