Beyond Meat aims to disrupt the food industry, one burger at a time.
Beyond Meat claimed to have engineered “a better way to feed the planet” and investors agreed. After launching on the Nasdaq stock market early Thursday, plant-based protein company Beyond Meat saw its stock price surge to $62, up from its initial public offering of $25 a share. It is the first plant-based meat alternative company to go public on a major exchange.
The building blocks of Beyond Meat’s products are protein, which they derive from peas, mung beans, and brown rice. The company uses beets and pomegranate juice to provide their burgers with a typically meaty appearance. Coconut oil and potato starch are added to regulate the texture. Up until recently, meat giant Tyson Foods had a 6.5 percent ownership stake in Beyond Meat, before selling the shares in order to develop its own line of plant-based products, according to Axios.
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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, plant-based food company, surges more than 130% after IPOPea protein is the main ingredient of Beyond Meat products, designed to replicate the taste and texture of animal-based foods.
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Beyond Meat CEO: We're focused on the meat industry, not other vegetarian optionsOn Thursday, Beyond Meat made its public market debut on the Nasdaq, trading under the symbol 'BYND.'
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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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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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Vegan burger maker Beyond Meat sizzles in market debutShares of vegan burger maker Beyond Meat Inc surged 84 percent in their market d...
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Beyond Meat is getting the Silicon Valley treatment even though it's a food companyBeyond Meat is being valued at more than 40 times revenue, while most big food companies have price-to-sales multiples of less than two.
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Stocks making the biggest moves midday: Beyond Meat, Tesla, Eventbrite & moreThese are the stocks posting the largest moves midday Thursday.
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