Beyond Meat Sets IPO Terms

Beyond Meat has set terms for its IPO and is expecting to raise up to $183.8 million and be valued at $1.2 billion, reports MarketWatch. The El Segundo, Calif.-based company is offering 8.75 million shares in the IPO, which is expected to price between $19 to $21 a share. If the underwriters exercise all the options granted to cover overallotments, the company could raise up to $211.3 million.

The company will use the funds to invest in current and additional manufacturing facilities in addition to expanding research and development efforts. Beyond Meats will have 57.43 million shares outstanding after the offering. Full Story

Related: Fast-Casual Mexican Chains Rollout Plant-Based Meat; Beyond Meat Enters Prepared Meal Delivery Market.

from Specialty Food News http://bit.ly/2PqMCo8