Jun. 18 at 4:16 PM
$SDGR Shareholders meeting today where Ramy and the board get to pretend like everything is going great.
IPO in 2020. Came public at a
$2.8B valuation. Today?
$1.5B valuation. And shareholders have been massively diluted along the way.
Meanwhile
$100 invested in the SP in early 2020 would be worth
$200 or so now.
Some unfortunate changes in environment. Higher rates. The rise of Chinese bios and AI. More platforms doing what they do. But also just horrible management. So much promise. And very few tangible results.
Maybe the next five years are better. But there's no reason to think so.
Show me!
