Thursday, May 2, 2019
Beyond Meat Soars In IPO Debut, Now Worth Over $3.3 Billion
Los Angeles-based Beyond Meat, the developer of plant-based, meat alternatives, has soared in its IPO debut, trading as high as $58.90, or 135.6 percent over its IPO price of $25.00 per share. The company's first trades on Thursday morning were at $46.00 per share. The company is now valued at over $3.383 billion. Beyond Meat priced well above its initial $19.00 to $21.00 IPO pricing range. Beyond Meat's IPO was underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, Credit Suisse, BofA Merrill Lynch, Jefferies, and William Blair. Beyond Meat's investors include 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.