Beyond Meat Soars in Plant-Based Meat Maker's Trading Debut
Beyond Meat shares jump in their trading debut Thursday.
Plant-based meat maker Beyond Meat (BYND got off to a sizzling start, opening at $46 in its trading debut Thursday, 84% above its initial offering price.
Beyond Meat's initial public offering was priced at $25 a share, the top end of the expected range of between $23 and $25, which valued the company at just under $1.5 billion. At its $46 opening price, the company's market cap stood at roughly $2.8 billion. Shares were recently trading even higher at almost $56 per share.
...
https://www.thestreet.com/markets/beyond...y-14946790
Beyond Meat shares jump in their trading debut Thursday.
Plant-based meat maker Beyond Meat (BYND got off to a sizzling start, opening at $46 in its trading debut Thursday, 84% above its initial offering price.
Beyond Meat's initial public offering was priced at $25 a share, the top end of the expected range of between $23 and $25, which valued the company at just under $1.5 billion. At its $46 opening price, the company's market cap stood at roughly $2.8 billion. Shares were recently trading even higher at almost $56 per share.
...
https://www.thestreet.com/markets/beyond...y-14946790
__________________