Beyond Meat’s green IPO could still burn buyers alpgomez
In an amended prospectus filed on April 30, Beyond Meat raised its initial public offering price range to between $23 and $25 a share from $19 to $21 previously, and increased the amount of shares it intends to sell. At the higher end of the range, the company would have a market value of $1.5 billion, compared with $1.2 billion at the top end of the previous range.
Tyson New Ventures, a subsidiary of Tyson Foods, sold its stake in Beyond Meat, Reuters reported on April 24. The company plans to launch its own brand of alternative protein.
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