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Beyond Meat is getting the Silicon Valley treatment even though it's a food company

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Beyond Meat is being valued at more than 40 times revenue, while most big food companies have price-to-sales multiples of less than two.

Located in El Segundo, California, near Los Angeles, and with backing from Bay Area tech investors like Kleiner Perkins and Obvious Ventures, co-founded byEv Williams, Beyond Meat is catering much more to the high-growth tech investor than the money manager focused on traditional food brands.

Beyond Meat, which sells packaged food in grocery stores and also has burgers and other items at 12,000 restaurants including A&W Canada, TGI Fridays and Carl's Jr., priced its IPO at $25, the high end of its range, before jumping right as it started trading.

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The IPO bubble is here, short this stock soon.

After you buy the stock or eat the burgers 🍔 you feel like 💩‼️

And they dont even sell meat?

it's a great time to short this bust....

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Beyond Meat surges more than 125% in market debutOn Wednesday night, Beyond Meat priced its initial public offering at $25 per share. Rip off lol Heading to my local tavern tonight for a Beyond Burger. I love them! DevinCow would be proud!! from one Yellow Jacket to another Congratulations John Salley on the BYND IPO. Bob Kennedy Class of '66.
ソース: CNBC - 🏆 12. / 72 続きを読む »

Beyond Meat, plant-based food company, surges more than 130% after IPOPea protein is the main ingredient of Beyond Meat products, designed to replicate the taste and texture of animal-based foods. Ewww
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