Beyond Meat preps for IPO as rivals take bite out of food industry
Startup is the latest ‘unicorn’, with a valuation of about $1.2bn, to go public as its competitor launches the Impossible Whopper
Wall Street is going vegan. At some point in the next four weeks, Beyond Meat, a pioneering plant-based meat alternative startup, will debut on Wall Street at a valuation of about $1.2bn. And in the meantime its rivals are cutting deals with some of the biggest names in food.
Beyond Meat is the latest in a series of “unicorns” – private companies valued at over $1bn – to go public. And this one is edible.