Plant-based substitutes for meat have been gaining popularity as more people shift towards vegan or vegetarian diets.
Earlier on Tuesday, the company raised the size and price of its offering after increased demand from investors. The IPO raised $240 million.
The money raised from the IPO gives Beyond Meat firepower to compete with its chief rival and Silicon Valley startup Impossible foods.
Plant-based substitutes for meat have been gaining popularity as more people shift towards vegan or vegetarian diets, amid growing concerns https://reut.rs/2Dri7JQ about animal welfare and the environmental hazards of intensive animal farming.
Burger King and Impossible foods last month started selling their vegan burger Impossible Whopper in 59 stores in and around St. Louis, Missouri.
Los Angeles-based Beyond Meat began selling its plant-based burger at fast-food chain Carl's Jr in January.
The company said it intends to use a bulk of its IPO proceeds for research and development, as well as building manufacturing facilities.
Beyond Meat creates substitutes for meat by using ingredients that mimic the composition of animal-based meat, like proteins from peas, faba beans and soy, that look and cook like beef or chicken.
Online food delivering platform Zomato has rolled out a new offer wherein customers need to predict the country's next prime minister ahead of the final counting on May 23 and win caskbacks on food orders.
From Burger King's introduction of a vegetarian version of its uber-popular Whopper burger to the much-celebrated Wall Street entry of vegan startup Beyond meat, companies selling meat alternatives have the wind in their sails.
Few foods are more emblematic of France than the pungent white pucks of camembert. But camembert lovers and producers are currently embroiled in a conflict over what constitutes the real thing.
These cookies are billed as “a ginger-lover’s treat, if ever there was one,” and are said to be one of Martha Stewart’s favourites. The recipe uses three kinds of ginger — ground, crystallized and fresh grated.
Since horses are herbivores and have a digestive tract quite different from ours, they require a special diet that contains more fibre and water.
Women who used permanent hair dye or straighteners, or applied straighteners to others, had a higher risk of developing breast cancer than women who weren’t exposed to the products.