Beyond Meat’s No. 2 Stock Holder Embraces Offering That Spooked the Market
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Beyond Meat Inc.’s second-largest shareholder said the recent stock offering is “healthy” with the shares up almost 600% since their debut.
Last week’s deeply discounted offering increased liquidity in the market and allowed early investors to sell small stakes, said James Joaquin, co-founder of Obvious Ventures, in an interview. He doesn’t view venture firms selling shares as a negative signal for the stock.