Beyond Meat’s IPO brought in $241 million yesterday as they became the first plant-based meat company to go public. According to Bloomberg, the American producer of vegetable-based vegan meat sold 9.63 million shares at a price of 25 dollars. The price was thus at the upper end of the recently issued price range of 23 – 25 dollars.
In Germany, Beyond Meat Burger is distributed by PHW/Wiesenhof and offered by METRO. In Switzerland, consumers can buy the burger in the federal coop stores.
The offering was led by Goldman Sachs Group Inc., JPMorgan Chase & Co. and Credit Suisse Group AG. Beyond Meat began trading today on Nasdaq under the symbol BYND.