Beyond Meat plans to sell at least 3.25 million shares at $160, which would bring in $520 million, almost all of it for early investors, executives and employees.
Beyond Meat announced Wednesday afternoon that it would price its secondary offering of shares at $160, an 18.6% discount to the closing price of the stock but more than six times the price charged less than three months ago.
Beyond Meat sold shares for $25 apiece in an initial public offering in early May, but demand for a piece of the meat-alternative company from investors and those looking to bet against the company has sent shares soaring. The stock closed Wednesday at $196.51, which is considerably lower than the record closing price of $234.90 last Friday.
The biggest beneficiaries of the secondary offering will be venture capitalists who bet on Beyond when it was a private company. The biggest planned sale came from legendary Silicon Valley VC shop Kleiner Perkins Caufield & Byers, which planned to sell at least 622,401 shares, which would bring in just shy of $100 million before fees. If bankers sell the additional shares they have access to, more than 100,000 would come from Kleiner Perkins.
The Bill and Melinda Gates Foundation Trust planned to sell at least 128,737 shares in the offering, while former General Electric Co. GE, -1.10% Chief Executive Jack Welch planned to sell at least 8,063 shares.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Beyond Meat prices secondary offering at $160 a share, six times the IPO priceBeyond Meat announced Wednesday afternoon that it would price its secondary offering of shares at $160, an 18.6% discount to the closing price of the stock...
Consulte Mais informação »
Beyond Meat shares fall after pricing secondary stock offering at $160Beyond Meat announced Wednesday it priced its secondary stock offering at $160, six times the price of its IPO. The share price is an 18.6% discount from the stock's closing price on Wednesday. Shares of the plant-based meat maker fell in premarket trading Thursday.
Consulte Mais informação »
Beyond Meat's secondary stock offering priced at $160 per shareMeat alternatives company Beyond Meat Inc said on Wednesday a secondary offering...
Consulte Mais informação »
Shares in plant-based burger maker Beyond Meat slide on stock offeringShares in meat alternatives company Beyond Meat slid on Tuesday, a day after the...
Consulte Mais informação »
Beyond Meat is more like Tilray and less like TeslaBeyond Meat is more like Tilray and less like Tesla, says TheAroraReport:
Consulte Mais informação »
How a small stake in Beyond Meat turned into $135 million for a traditional agriculture companyOn a call with analysts, the CEO of Bunge said that the Beyond Meat venture is an important vehicle in the competitive landscape.
Consulte Mais informação »