Beyond Meat (BYND) IPO Opens 84% Higher

Today's IPO for Beyond Meat, Inc. (NASDAQ: BYND) opened for trading at $46 after pricing its initial public offering of 9,625,000 shares of common stock at a price to the public of $25.00 per share, the high end of the expected range.

In addition, Beyond Meat has granted the underwriters a 30-day option to purchase up to 1,443,750 additional shares of common stock to cover over-allotments, if any, at the initial public offering price less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, J.P. Morgan and Credit Suisse are serving as lead book-running managers for the offering. BofA Merrill Lynch and Jefferies are also acting as book-running managers, and William Blair is acting as co-manager for the offering.

Beyond Meat's mission is to create The Future of Protein – delicious plant-based burgers, sausage, crumbles, and more-- made directly from simple plant-based ingredients. By shifting from animal, to plant-based meat, they are creating one savory solution that solves four growing issues attributed to livestock production: human health, climate change, constraints on natural resources and animal welfare.

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