Beyond Meat raises the price range for its IPO

Leanna Garfield/Business Insider

• Plant-based meat maker Beyond Meat increased the expected price range and size of its initial public offering, ahead of an expected market debut on Thursday.
• The company said it expects to offer 9.63 million shares, up from 8.75 million shares.
• The initial public offering is expected to be priced between $23 and $25 per share, up from $19 and $21 per share.
• Plant-based meat substitutes have been gaining popularity as more attention is focused on the environmental hazards of industrial ranching.
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Plant-based meat maker Beyond Meat increased the expected price range and size of its initial public offering, ahead of an expected market debut on Thursday, indicating strong investor demand.

The company said it expects to offer 9.63 million shares, up from 8.75 million shares and the IPO to be priced between $23 and $25 per share, up from $19 and $21 per share, its latest filing with the U.S. Securities and Exchange Commission showed.

See the rest of the story at Business Insider

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