Meat alternatives continue to trend with vegetarian and carnivorous consumers across the nation, with meatless meats tapping into flavor experiences unlike any before. To stay on top of the burgeoning market, Beyond Meat announced this week that it will be offering its first public stock offering.
The company has hired J.P. Morgan, Goldman Sachs, and Credit Suisse for its IPO, according to a report by CNBC. The IPO’s valuation has not been determined yet.
Beyond Meat is known for its Beyond Burger, but also has lines of plant-based sausages and more. Many of its products have cropped up in popular food destinations across North America, including White Castle, TGI Friday’s, and more, and are sold in retailers like Whole Foods, Kroger, and Target.
How will Beyond Meat’s move to offer an IPO affect the meatless meats category? Deli Market News will continue to keep you updated on the latest in deli, dairy, bakery, and specialty foods.