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Beyond Meat Raises Almost a Quarter of a Billion Dollars in IPO

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.

Beyond Meat should thus have a good financial cushion to continue its global expansion. Previously, Bill Gates and Leonardo di Caprio as well as other investors had invested in Beyond Meat.

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.

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