Its initial public offering (IPO) is the latest sign that alt-meat is going mainstream — and that’s a big deal.
In total, Beyond Meat says its products are available in more than 35,000 outlets, from hotels and college campuses to grocery stores and sports stadiums.
Sales have been growing fast — last year the company reported revenues of $87.9 million, up from $32.6 million in 2017.
Now, the company has filed with the Securities and Exchange Commission for an IPO, scheduled for next week.
Its rapid rise — food is not an easy industry to break into — reflects intense consumer demand and investor interest in meat alternatives.
And while it’s the first plant-based meat company to go public, it looks likely that it won’t be the last.
Beyond Burger’s team doesn’t just believe they’ve found a niche — they say they’ve figured out the “Future of Protein.” »