Shares of vegan burger maker Beyond Meat Inc surged 84 percent in their market d...
NEW YORK - Shares of vegan burger maker Beyond Meat Inc surged 84 percent in their market debut on Thursday, as investors look to cash in on the growing popularity of plant-based meat alternatives.
Shares surged to $50 just minutes after starting to trade and were halted due to volatility. They have since resumed trading at more than $59. Beyond Meat founder and Chief Executive Ethan Brown on Thursday morning at the Nasdaq stock exchange called plant-based meat an “enormous opportunity for economic growth in rural America and throughout the world.”
Tyson Foods Inc, the no. 1 U.S. meat processor, owned a 6.5 percent stake in Beyond Meat, but last week said it sold its holding, as it looks to develop its own line of alternative protein products. The company said it intends to use a bulk of its IPO proceeds for research and development, as well as building manufacturing facilities.
In 2018, some $50 million of Beyond Meat’s revenues came from retail sales, including at Amazon.com Inc’s Whole Foods Market and Kroger Co supermarkets, while some $37 million was generated at restaurants.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Vegan burger maker Beyond Meat raises price range in upsized IPOPlant-based meat maker Beyond Meat Inc on Tuesday increased the expected price r...
Consulte Mais informação »
Burger King and Beyond Meat say plant-based burgers aren't eating into meat salesThe meat-substitute maker's customers keep buying animal protein, while the fast-food chain's Impossible Whopper hasn't eaten into Whopper sales.
Consulte Mais informação »
Beyond Meat's stock rockets in its debut, trades nearly double the IPO priceBeyond Meat Inc. 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....
Consulte Mais informação »
Beyond Meat surges more than 125% in market debutOn Wednesday night, Beyond Meat priced its initial public offering at $25 per share.
Consulte Mais informação »
Beyond Meat prices IPO at $25 per shareBeyond Meat is pricing at $25 a share, at the top of an already boosted range. This makes the plant-based meat substitute company another unicorn to test the public waters.
Consulte Mais informação »
Beyond Meat, plant-based food company, surges more than 130% after IPOPea protein is the main ingredient of Beyond Meat products, designed to replicate the taste and texture of animal-based foods.
Consulte Mais informação »
Beyond Meat Inc.Beyond Meat Inc. stock price, stock quotes and financial overviews from MarketWatch.
Consulte Mais informação »
Stocks making the biggest moves midday: Beyond Meat, Tesla, Eventbrite & moreThese are the stocks posting the largest moves midday Thursday.
Consulte Mais informação »
Vegan burger company Beyond Meat's IPO sizzles - Reuters TVVegan burger maker Beyond Meat, which counts Microsoft founder Bill Gates and actor Leonardo DiCaprio among its investors, on Wednesday priced its initial public stock offering at $25 per share, the top of its anticipated range in a reflection of brisk investor demand.
Consulte Mais informação »
Fed dashes rate-cut hopes | Musk buys Tesla stock | Beyond Meat prices IPOFutures point to a mixed open following a Wednesday decline that saw the S&P 500 close lower after hitting an all-time intraday high.
Consulte Mais informação »
Beyond Meat prices IPO at $25 per share: SourceThat's above the company's original expected range between $19 and $21 per share. The high end of the previous range would have valued the company as high as $1.21 billion.
Consulte Mais informação »