Since its founding in 2009, vegetarian meat-alternative producer Beyond Meat has been met with nearly universal love. Its products are completely meatless, eco-friendly, and tasty to boot. It has garnered the praise and attention of several notable individuals, including (but not limited to) Bill Gates and Leonardo DiCaprio. With the wind in their sails, the company has finally decided to put its chips on the table and file for an IPO.
According to documents filed last Friday, Beyond Meat will be listing common stock on the Nasdaq under the name “BYND.” The initial offering is currently planned at $100 million worth of shares, though according to the documents, that amount is a placeholder and is subject to change. The public offering will be lead by Goldman Sachs Group Inc., JPMorgan Chase & Co. and Credit Suisse Group AG. Alongside this news, the company announced that two more people will be joining its board of directors: Twitter CFO Ned Segal, and Coca-Cola Company CFO Kathy Waller.
Potential investors are hoping that this IPO will give them some insight into the background workings of Beyond Meat and its deceptively-delicious faux-meat flavors.
