Vegan company, Beyond Meat, is set to go public next week, without the backing of Tyson Foods. Reportedly, there was a falling out after Tyson said they wanted to produce their own vegan meat.
Tyson is using all of its resources to make “great tasting protein alternatives that are more accessible for everyone.” Noel White, Tyson CEO
All the while, many investors have been on pins and needles waiting for Beyond Meat to launch it’s IPO. Rumor has it, it will finally happen next week, with an offering of 8.75 million shares, at around $19 to $21 per share.
Beyond Meat will be listed on the Nasdaq exchange with ticker symbol BYND.
The estimated worth of the company will be $1.2 BILLION!!!
So what does this all mean?
It means everyone is going vegan!
It’s sink or swim time for big companies; either start making tasty vegan products, or fizzle away. Times they are a changin’!
P.S. if you haven’t seen the Carl’s JR Beyond Meat commercial that aired during the SuperBowl, check it out here; it’s awesome!
Jackie Day, vegan for 30+ years and author of the bestseller The Vegan Way: 21 Days to a Happier, Healthier Plant-Based Lifestyle That Will Transform Your Home, Your Diet, and You (St. Martin’s Press / Macmillan).