Ve­gan launch takes off

Daily Mail - - City & Finance -

SHARES in plant-based burger maker Be­yond Meat soared nearly 120pc on its de­but on the Nas­daq – valu­ing it at £2.5bn.

The US company, which counts Bill Gates and Leonardo DiCaprio among in­vestors, raised £185m in a bumper listing.

Its shares were priced at $25 but the stock soared as soon as it went live, jump­ing to $54.

Be­yond Meat, founded in 2009, makes ve­gan sausages and burg­ers us­ing pea pro­tein and beet­root juice to make them ‘bloody’, which are sold at 12,000 res­tau­rant and food out­lets in North Amer­ica.

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