Vegan burger maker Beyond Meat Inc, which counts Microsoft founder Bill Gates an...
- Vegan burger maker Beyond Meat Inc, which counts Microsoft founder Bill Gates and actor Leonardo DiCaprio among its investors, on Wednesday priced its initial public stock offering at $25 per share, the top of its anticipated range in a reflection of brisk investor demand.
Plant-based meat substitutes have been gaining popularity as more attention is focused on the environmental hazards of industrial ranching. The company had raised its price target range from $19 to $21 a share on Tuesday to $23 to $25, suggesting strong investor demand. It also increased the number of shares it was offering by 10 percent.
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