Beyond Meat, plant-based food company, readies for IPO
Beyond Meat, the maker of meat substitutes, generated nearly $88 million in revenue last year, more than double what it earned in 2017, but has yet to turn a profit. By Hamza Shaban Hamza Shaban Technology reporter Email Bio Follow May 2 at 1:01 PM California-based Beyond Meat skyrocketed in first-day trading, opening 84 percent higher than the top of its IPO range, amid a surging market for meat-like meal options.
The company generated nearly $88 million in revenue last year, more than double what it earned in 2017, but has yet to turn a profit. For the past two years, it has lost roughly $30 million. “We are focused on continually improving our products so that they are, to the human sensory system, indistinguishable from their animal-based counterparts,” the company said in a recent filing with U. S. Securities and Exchange Commission.
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Burger King and Beyond Meat say plant-based burgers aren't eating into meat salesThe meat-substitute maker's customers keep buying animal protein, while the fast-food chain's Impossible Whopper hasn't eaten into Whopper sales.
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Vegan burger maker Beyond Meat raises price range in upsized IPOPlant-based meat maker Beyond Meat Inc on Tuesday increased the expected price r...
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Beyond Meat prices IPO at $25 per shareBeyond Meat is pricing at $25 a share, at the top of an already boosted range. This makes the plant-based meat substitute company another unicorn to test the public waters.
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Beyond Meat prices IPO at $25 per share: SourceThat's above the company's original expected range between $19 and $21 per share. The high end of the previous range would have valued the company as high as $1.21 billion.
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Cramer: Beyond Meat will IPO for $25 a share — buy it below $35 after its debut'At the midpoint of its current price range, Beyond Meat's going to be very expensive — it's already trading at 17-times last year's sales,' Jim Cramer says.
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Beyond Meat prices IPO at $25 a share, valued at almost $1.5 billionBeyond Meat Inc. priced its initial public offering at $25 a share Wednesday evening, the high end of a range that had been increased. The plant-based meat...
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Beyond Meat raises the price range for its IPOPlant-based meat substitutes have been gaining popularity as more attention is focused on the environmental hazards of industrial ranching.
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Fed dashes rate-cut hopes | Musk buys Tesla stock | Beyond Meat prices IPOFutures point to a mixed open following a Wednesday decline that saw the S&P 500 close lower after hitting an all-time intraday high.
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Breakingviews - Beyond Meat’s green IPO could still burn buyersBeyond Meat is gearing up for an IPO as more consumers develop a taste for its plant-based burgers. But investors entering the alternative-meat space may have better options via Breakingviews alpgomez
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Vegan burger company Beyond Meat's IPO sizzles - Reuters TVVegan burger maker Beyond Meat, which counts Microsoft founder Bill Gates and actor Leonardo DiCaprio among its investors, on Wednesday priced its initial public stock offering at $25 per share, the top of its anticipated range in a reflection of brisk investor demand.
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