LOS ANGELES, CA - Last month, popular plant-based meat company Beyond Meat® made headlines after announcing the possibility of entering the public arena. This week, it became official, with the meat alternative brand filing a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. Forbes reported that the initial offering size was filed for $100 million, but that the number will likely change.
For the proposed offering, Goldman Sachs & Co., J.P. Morgan, Credit Suisse, BofA Merrill Lynch and Jefferies will serve as active book-running managers, with William Blair acting as co-manager.
According to a press release, the number of shares to be offered and the price range for the offering have not yet been determined, but Beyond Meat plans to list its stock on Nasdaq Global Market under the ticker symbol “BYND.” While the registration statement was filed with the Securities and Exchange Commission, it has not yet become effective.
This week, Beyond Meat also welcomed Kathy N. Waller and Ned Segal to its Board of Directors as well as the audit committee.
“I am very pleased to welcome Kathy and Ned to our team,” said CEO and Founder Ethan Brown in a press release. “We’re fortunate to have access to their expertise and backgrounds as financial stewards at Coca-Cola and Twitter, respectively. I look forward to working with Kathy and Ned as we further our mission to create The Future of Protein™ and pursue our goal of becoming a global protein company.”
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