Beyond Meat Goes Public for the First Time
EL SEGUNDO, CA - Vegetarian and carnivourous consumers alike are tapping into the wonders of meat alternatives, with meatless meats taking the cake as a go-to trend retailers, foodserivce operators, and the everyday folk will want to tap into—and soon—if they haven't already. To stay on top of this burgeoning market, Beyond Meat announced this week that it will be offering its first public stock offering.
While the IPO's valuation has not been determined yet, CNBC reported that the company has hired J.P. Morgan, Goldman Sachs, and Credit Suisse for its IPO.
Primarily known for its Beyond Burger, Beyond Meat's product line is available in retailers like Whole Foods, Kroger, and Target, and foodservice operators like White Castle, TGI Friday's, and more.
How will Beyond Meat’s move to offer an IPO affect the meatless meats category? AndNowUKnow will continue to keep you updated on the latest fresh produce news.