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Home / Business / The vegan US food manufacturer Beyond Meat rates the $ 1 billion valuation

The vegan US food manufacturer Beyond Meat rates the $ 1 billion valuation



  A Beyond Meat burger

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BEYOND MEAT

American meat maker Beyond Meat buys money by issuing shares that value the company at over $ 1 billion on its stock market debut become.

The company, launched in the UK in November, expects to offer 8.75 million shares priced between $ 1

9 and $ 21.

In the upper price segment, the company's initial public offering would total $ 1.2 billion.

Beyond Meat aims to address the growing popularity of veganism and hopes to boost research and development and expand production facilities.

The company, backed by investors such as US meat producer Tyson and Microsoft founder Bill Gates, expects gross proceeds of approximately $ 175 million.

His rating makes it a so-called "unicorn company".

Venture capital investor Aileen Lee refers to owner-managed tech start-ups worth £ 1 billion (£ 686 million) or more.

Orig Since the number of these companies was originally so much named after the mythical creatures, the number of these companies rose rapidly. These include Uber's Uber-Taxis app, startup Lyft, and online scrapbooking company Pinterest.

Beyond Meat's Beyond Burger Originally scheduled to launch at 350 Tesco stores last August, it was delayed by three months due to supply issues.

It has entered a crowded UK market where more suppliers are moving into supermarkets, some of which produce their own vegan label foods.

Beyond Meat says on their website, "Why do you need an animal to make meat, why can not you make meat directly from plants, it turns out you can do it, so we did it." [19659015] Veganism is becoming increasingly popular in the UK. The Vegan Society's 2016 study estimated that there were around 540,000 vegans across the country, compared to around 150,000 in 2006.

UK supermarket chains have more vegan options in store, with Waitrose owning its own in the last year vegan department has opened in more than 130 stores and Iceland reported a sales of vegetable foods, which rose by 10% in one year.


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