BYND Stock Price – Beyond Meat Inc. Stock Quote (U.S.: Nasdaq)

0
202


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

Beyond Meat Inc. 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 has run up 32% year to date and the S&P 500 has gained 16.






Source : MTV