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Laser Firm Mynaric Said to Draw Peter Thiel, ARK to U.S. Listing

Nov. 12, 2021, 2:30 PM

Investors Peter Thiel and Cathie Wood are among those to have snapped up shares in Mynaric AG as part of the German laser communication firm’s $66 million U.S. listing, according to people familiar with the matter.

PayPal Holdings Inc. co-founder Thiel and Wood’s ARK Space Exploration & Innovation ETF have spent about $5 million each on Mynaric’s American depositary shares, which are expected to start trading on Nasdaq Friday, the people said, asking not to be identified discussing confidential information.

German entrepreneur and existing Mynaric investor Christian Angermayer, and Tinder LLC co-founder Justin Mateen, also acquired shares in ...