Monday, April 22, 2019
Beyond Meat Sets IPO Pricing Range
Los Angeles-based Beyond Meat, which develops plant-based meat products, which look and taste like real meat, has set its IPO pricing range, as its preps to go public. According to Beyond Meat, it expects an initial offering price of between $19.00 and $21.00 per share. The company has applied to list on the Nasdaq Global Market as BYND. Beyond Meat's IPO is being underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, Credit Suisse, BofA Merrill Lynch, Jefferies, and William Blair. The next step in the IPO is the "road show" and actual pricing of the IPO, where Beyond Meat speaks with institutional investors to gauge interest in the IPO; the actual IPO follows the day after the pricing on the public offering, when the stock actually becomes available to the public. Beyond Meat has a huge list of celebrity investors, including Kyrie Irving, Shaquille O'Neal, Chris Paul, DeAndre Hopkins, Victor Oladipo, Lindsey Vonn, DeAndre Jordan, JaVale McGee, Harrison Barnes, Malcolm Jenkins, Derrick & Charity Morgan, Alex Honnold, Shaun White, and Luke Walton, JJ Redick, Tony Gonzales, Leonardo DiCaprio, Thomas Middleditch, David Wright, Eric Bledsoe, Maya Moore, Tia Blanco, April Ross, Maggie Vessey, Snoop Dogg, Common, Jessica Chastain, Liza Koshy and Nicole Williams.