Beyond Meat’s reliance on co-manufactures and related disputes with former manufacturing partners point to a potential risk for a company that just had the best first-day IPO of the year.
The gains that Beyond Meat stock enjoyed in its IPO are eye-popping. The stock jumped 163% on Thursday, Beyond Meat’s first day as a publicly traded company.
What’s more, shares jumped 43% even from their opening level of $46 per share—meaning investors who bought Beyond Meat stock on the open still made out very well. The stock jumped another 7.8% on Friday.... Subscribe or Sign In to continue reading.
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