Beyond Meat valued at nearly $3.8 billion
, the company created by Ethan Brown ’94 in 2009, raised nearly a quarter of a billion dollars to grow its line of plant-based meats with shares rocketing in their public debut, wrote .
According to MarketWatch, Brown, the CEO and founder of Beyond Meat, priced the initial public offering at $25 a share, raising at least $240 million at a valuation slightly shy of $1.5 billion.
However, on its first day trading on NASDAQ, Beyond Meat’s shares closed at $65.75, giving the company a market cap of around .
As of May 6, 2019, Beyond Meat (BYND) was at .
Beyond Meat believes there is a better way to feed the planet. The company’s mission is to “create delicious plant-based burgers, sausage, crumbles and more—made directly from simple plant-based ingredients. By shifting from animal, to plant-based meat, we are creating one savory solution that solves four growing issues attributed to livestock production: human health, climate change, constraints on natural resources and animal welfare.â€
Brown is scheduled to be the keynote speaker at Conn’s 2019 Reunion.
