Bulletin
Investor Alert

London Markets Open in:

Market Pulse Archives

May 2, 2019, 12:32 p.m. EDT

Beyond Meat's stock rockets in its debut, trades nearly double the IPO price

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Beyond Meat Inc. (BYND)
  • X
    Renaissance IPO ETF (IPO)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Beyond Meat Inc. /zigman2/quotes/211617595/composite BYND +1.31% has gone public Thursday, with shares of the plant-based meat maker rocketing in their debut. The first trade was at $46.00 at 12:18 p.m. Eastern for 2.75 million shares, which was 84% above the $25 initial public offering price. The IPO had priced late Wednesday at the top end of the recently raised expected range. The company sold 9.5 million shares in the IPO, up from previous expectations of 8.8 million shares, to raise $237.5 million. The stock has extended gains to be up 99% since the open. At current prices, the maker of Beyond Burgers has a market capitalization of $2.90 billion, according to FactSet. The company has gone public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +2.90% has run up 32% year to date and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.78% has gained 16.

Read the full story:
Beyond Meat soars 163% in biggest-popping U.S. IPO since 2000

/zigman2/quotes/211617595/composite
US : U.S.: Nasdaq
$ 144.98
+1.87 +1.31%
Volume: 3.05M
July 8, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.91 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 44.00
+1.24 +2.90%
Volume: 207,659
July 8, 2020 3:59p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,169.94
+24.62 +0.78%
Volume: 2.39B
July 8, 2020 4:58p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.