Beyond Meat the plantbased meat company 54

Beyond Beyond Meat IPO how to buy , the plant-based meat company, is going public next week.

The company sells burgers that contain no meat, but taste like they do. Its stated goal is to fix our food system. Its initial public offering (IPO) is the latest sign that alt-meat is going mainstream — and that’s a big deal.

Beyond Meat IPO how to buy ’s been a good few years for Beyond Meat. Beyond Meat IPO how to buy including Del Taco, Carl’s Jr., and T.G.I. Beyond Meat IPO how to buy ’s have started carrying their products. Beyond Meat IPO how to buy ’ve also found their way onto grocery store shelves at Whole Foods, Kroger, and Target. In total, Beyond Meat says its products are available in more than 35,000 outlets, from hotels and college campuses to grocery stores and sports stadiums. Sales have been growing fast — last year the company reported revenues of $87.9 million, up from $32.6 million in 2017.

Now, the company has filed with the Securities and Exchange Commission for an IPO, scheduled for next week. Beyond Meat IPO how to buy ’ll sell shares in the company for between $19 and $21 per share, allowing them to raise $183 million for additional manufacturing facilities, research and development, and sales. If their stock sells at the high end of that, the company would be valued at $1.2 billion. They’ll be listed on NASDAQ as BYND.

Founded in Beyond Meat IPO how to buy by CEO Ethan Brown, the Los Angeles-based company’s products first hit supermarket shelves in 2013. Its rapid rise — food is not an easy industry to break into — reflects intense consumer demand and investor interest in meat alternatives. The company has never been profitable, and lost $29 million in 2018, but its rapidly growing revenues made it a good bet to many investors — as did its positioning on the frontier of a transformation of our food system.