GIC-backed Ancestry.com sees sales of $850m ahead of 2017 IPO

GIC-backed Ancestry.com sees sales of $850m ahead of 2017 IPO

Medicine, biotechnology, DNA, genetics and healthcare. Image: Pixabay

With more than 3 million members in its DNA database and sales estimated at $850 million, Ancestry.com, a company backed by Singapore’s sovereign wealth fund GIC, may conduct an initial public offer (IPO) sometime this year.

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