Deals
Beyond Meat Ups IPO, Aims for $1.5 Billion Valuation
A package of Beyond Meat Inc. plant-based sausage.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Beyond Meat Inc. has upped the price range and size of its initial public offering and is now seeking to raise as much as $241 million.
The maker of vegan chicken and beef substitutes plans to sell about 9.63 million shares for $23 to $25 each, according to an updated filing Tuesday with the U.S. Securities and Exchange Commission. The El Segundo, California-based company would be valued at about $1.5 billion if it sold shares at the top of that range, the filing shows.