Shares of Beyond Meat are surging after the company's public debut
Beyond Meat Inc. BYND, +143.02% has gone public Thursday, with shares of the plant-based meat maker rocketing in their debut. The first trade was at $46.00 at 12:18 p.m. Eastern for 2.75 million shares, which was 84% above the $25 initial public offering price. The IPO had priced late Wednesday at the top end of the recently raised expected range. The company sold 9.5 million shares in the IPO, up from previous expectations of 8.8 million shares, to raise $237.5 million.
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