Plant-based Beyond Meat makes trading debut on Wall Street
Beyond Meat has officially begun trading on Wall Street with stock closing up on day one at 163%.
Shares of the plant-based food giant started at $25 yesterday but closed at $65.75 per share.
Beyond Meat founder and chief executive Ethan Brown said:
“We understand the composition of meat, we understand the architecture and year after year we collapse the gaps between our product and animal protein.”
“We've been overwhelmed with interest from some of the highest quality institutions in the world,”
Recently Beyond Meat launched products in the Czech Republic, Belgium and the Netherlands.
Investors in the brand no longer include Tyson Foods who soles its holding to develop their own plant-based food brand.
Yesterday evening Beyond Meat Tweeted:
“Thrilled to announce that today we became the 1st plant-based food company to go public on a major exchange.
“Through success and struggles, the consumer has been there for us, offering feedback, love, and inspiration. Today, together, we are breaking new ground. #GoBeyond