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Beyond Meat give more details on plans to go public, aim for $1 billion valuation

Beyond Meat has revealed more details on their plans to go public and aim for a valuation of around $1 billion.

It’s initial public offering is expected to be of 8,750,000 shares of will be priced between $19.00 and $21.00 per share.

Recently the company CEO Ethan Brown told Forbes that they want to make plant-based options more affordable.

He said:

“We have an ambition to be part of the generation that separates meat from animals.
“You don’t do that by thinking small, you don’t do that by having a couple chefs and food scientists.
“There’s no reason this shouldn’t be cheaper than meat, and to get there we need to make investments in the supply chain.”