Beyond Meat Faces Key Test as Wall Street Reviews Its Hot IPO
Ethan Brown, founder and chief executive officer of Beyond Meat Inc., rings the opening bell during the company's IPO at the Nasdaq MarketSite in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Beyond Meat Inc. is set to get its first real stress test as sell-side analysts prepare to issue their initial takes.
The maker of vegan beef and sausage products is likely to see a flurry of initiations as research restrictions on underwriting banks expire next week. Goldman Sachs, Bank of America Merrill Lynch, Credit Suisse, Jefferies and JPMorgan are among the firms that led the El Segundo, California-based company’s initial public offering, and may kick off coverage on May 28.