initial public offerings (IPOs) trading on American exchanges

Sunday, November 18, 2018

Beyond Meat files for IPO

Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes. Beyond Meat's products became available nationwide at Whole Foods Market in 2013.
  • Founder & CEO: Ethan Brown
  • Founded: 2009, Los Angeles, CA
  • Headquarters: El Segundo, CA
  • Parent organization: Savage River Inc.

Beyond Meat Inc. filed documents late Friday signalling plans to list its initial public offering on the Nasdaq under the symbol BYND. The El Segundo, Calif.-based food company reported third-quarter net losses of $9.3 million on sales of $26.3 million; its losses widened from $7.2 million on sales of $9.4 million in the year-earlier period. In the Securities and Exchange Commission filing, the company said it plans to raise $100 million, but that number is often a placeholder which it will update as it gets closer to listing the stock. Goldman Sachs, J.P. Morgan and Credit Suisse are among the banks listed as underwriters for the offering.

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