Beyond Meat Inc. went where no company had gone in more than a decade as shares nearly tripled in their first day of trading.
The 163 percent surge for the maker of vegan beef and sausage products was the best debut session of any U.S. listing since at least 2008 among IPOs that raised at least $200 million. Beyond Meat saw its market value balloon to $3.83 billion at the close of trading.