Skip to main content

Market Overview

Beyond Meat IPO: What You Need To Know

Beyond Meat IPO: What You Need To Know

If you have an appetite for food stocks, Beyond Meat is taking veggie burgers to a whole new level, and it wants you to take a bite of the (perhaps eventual) profits.


Beyond Meat, Inc. will issue 8.75 million shares on the Nasdaq under ticker BYND, according to the firm’s S-1 filing. Originally priced between $19 and $21, the offering represents 15.2 percent of outstanding shares and is expected to bring in about $211.31 million; The company said Tuesday it plans to offer 9.5 million shares priced at $23 to $25 each.

Update: Beyond Meat opened for trade Thursday afternoon at $46 per share.

Lead underwriters include Goldman Sachs, JPMorgan and Credit Suisse.

The company qualifies as an emerging growth company under the U.S. JOBS Act, which exempts management from certain SEC disclosure requirements.

The Company

The California-based firm manufactures plant-based “meat” to give diners the experience of traditional burgers without harming animal health, human health or the environment.

“We create our plant-based products using proprietary scientific processes that determine the architecture of the animal-based meat we are seeking to replicate and then we assemble it using plant-derived amino acids, lipids, trace minerals and water,” according to the prospectus.

Its beef, pork and poultry substitutes share the taste and texture of animal-based meat, so management considers the firm positioned to compete in the $1.4 trillion global meat industry. In fact, it requests to be sold in grocers’ meat cases instead of the produce aisle.

So far, Beyond Meat is available in more than 33,000 retail stores and restaurants globally, including A&W and TGI Fridays. It sells in Hong Kong and Europe, and management plans to expand in Asia over the next few years and open a production operation in Europe in 2020.

The Finances

Beyond Meat reported net revenue of $87.9 million in 2018, representing a 170-percent jump from $32.6 million the previous year.

The firm has been unprofitable since its start. Net loss was $29.9 million in 2018 and $30.4 million in 2017.

Related Links:

The Impossible Whopper Is Coming To A Burger King Near You

IPO Outlook: Plant-Based Meat, Plastic Surgery, Organ Transplants, Mobile Games

Photo courtesy of Beyond Meat.


Related Articles (BYND)

View Comments and Join the Discussion!

Posted-In: Beyond MeatNews Previews IPOs Top Stories Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at