With the likes of Leonardo DiCaprio and Bill Gates on board, vegan food company is set to make a Wall Street splash

Beyond Meat, the maker of vegan chicken and beef substitutes backed by some of the biggest names in food and technology, is seeking to raise as much as $US184 million in its initial public offering.The company plans to sell 8.75 million shares for $US19 to $US21 each, according to a filing Monday with the US Securities and Exchange Commission. A listing at the top of that range would give the company a market value of about $US1.

Tyson Foods, the largest US meat producer, is accelerating development of its own alternative-protein products and is also a backer of Beyond Meat. Tyson has invested in Jerusalem-based Future Meat Technologies and, along with Gates, Richard Branson and Cargill, is an investor in Memphis Meats, a cultured meat producer.Four-fifths of respondents in a Cargill survey said they were interested in plant-based or alternative sources of protein.

Will it be a food company that addresses global food insecurity and malnutrition? Otherwise they're blowing smoke up our arseholes.

winner winner

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