OK, so admittedly I don’t know much when it comes to the stock market. But I do know this: When Beyond Meat goes public next month it will be the first plant-based meat company to ever do so in Wall Street history. And that is a big deal for the future of food.
It was announced today that Beyond is hoping to raise $184 million with its IPO and will price shares at $19-$21 a pop. Their goal is to sell somewhere in the neighborhood of nine million shares. This would bring the company’s value to around $1.2 billion after it goes public. Yes, that’s billion with a “B.”
It’s been just over two years since Beyond launched the groundbreaking (and insanely delicious) Beyond Burger, the first plant-based burger to be sold in the meat section of grocery stores. Since then, the company has continued to make headlines. In just the last year, Beyond Burgers started being served in huge chain restaurants like TGI Friday’s, A&W, and Carl’s Jr. They even appeared in a Carl’s Jr.’s Super Bowl ad. Have a look:
With major investors like Bill Gates and Leonardo DiCaprio, and with the company continuing to innovate with products like their latest Beyond Sausage, Beyond is poised to be a serious disruptor for the meat industry. And that could be very good news for animals currently exploited and killed on factory farms.
Beyond Meat is making a quality vegan product that is literally taking meat out of the hands of consumers. And as someone who cares about animals, that’s a cause worth investing in.