Plant-based-burger maker Beyond Meat is set to begin trading as the latest disruptive, money-losing company this year (BYND) | Markets Insider

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Beyond Meat soars 163% in its first day of trading

, the decade-old plant-based meat-substitute company, soared by 163% on Thursday as it became the latest unprofitable, disruptive company to make its stock-market debut.

Beyond Meat issued 9.63 million shares, up from its initial target of 8.75 million shares, according to a filing with the Securities and Exchange Commission. That offering raised nearly $241 million.

 

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