Beyond Meat launches IPO

By Aidan Fortune contact

- Last updated on GMT

Beyond Meat launches IPO

Related tags: plant-based

Plant-based meat provider Beyond Meat has announced the launch of its initial public offering (IPO).

The IPO contains 8,750,000 shares of common stock and the price is expected to be between US$19 and US$21 per share, before underwriting discounts and commissions. Beyond Meat has applied to list shares on the Nasdaq Global Market under the symbol ‘BYND’.

Beyond Meat expected to receive gross proceeds of approximately $175m from the offering, or $201.3m if the underwriters exercised a 30-day option to purchase up to an additional 1,312,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

The company said it intended to use the gross proceeds from the offering to invest in current and additional manufacturing facilities and expand research and development and sales and marketing capabilities, as well as for working capital and general corporate purposes, and pay fees and expenses in connection with the offering.

In March, the business launched Beyond Beef​, designed to offer an alternative to ground beef, while last November it launched its burger into Tesco stores in the UK​ and the foodservice sector​.

In June, GlobalMeatNews​ will host The Future of Plant-based Proteins Conference in Amsterdam. Featuring presentations from the European Plant-based Food Association, The Good Food Institute and Finnebrogue, it will discuss all elements of the plant-based sector. To book your place, click here​.

Related topics: Financial, United States

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Graybull comment

Posted by Chris,

Graybull must be from the meat industry - which calls slaughterhouses "plants" - how ironic - given that the meat industry has persuaded authorities that veg burgers can't be called burgers - indicating that U.S. and European consumers are stupid and can't differentiate. Anyway, continue living in the past - this IPO is a forerunner of this industry - with international demand already well established. Did you also miss out on Dell, Microsoft, Google, Apple????

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You will never know, because you look away...

Posted by George,

In response to both comments, I work in a slaughterhouse and you will never know what's in your burger buddy and you don't want to and you will never dare to ask...and let's not forget that 85% of all produced antibiotics end up in the so-called REAL MEAT... does the label ever say that? maybe it should, for children's sake, so you would know where the premature breast come from? enjoy your natural homegrown steak!

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Factory Processed Veg and vegan Food

Posted by Deborah,

Couldn't have said it any better than above. How on earth does anyone know what precisely is in this factory food. Eat pure natural grass fed steak and lamb and then you will know that you are eating natural food in step with the environment.

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