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Highlights
- Impossible Foods IPO is one of the most awaited offerings in the North American equities market.
- As the IPO frenzy continues, Impossible Foods IPO could happen sometime next year and raise a good amount in gross proceeds.
- Established in Redwood City in 2011, Impossible Foods sells products that taste like meat, however, they are plant-based.
A lot of food and beverages companies have gone public in the US equities market this year, however, it seems investors are eagerly waiting for Impossible Foods' public debut.
Since the beginning of this year, investors have searched for the plant-based meat maker's initial public offering (IPO). On Thursday, November 11, Impossible Foods IPO was one of the leading trends in North America.
Impossible Foods IPO: How soon can you buy the vegan company's stock?
The renewed interest in the company could be due to a report claiming that its founder and chief executive officer (CEO) Pat Brown said that the company's IPO was inevitable.
Impossible Foods IPO on the cards?
Although there is no time specified for the IPO, Impossible Foods could go public sooner than expected.
Many food companies have gone or are planning to become publicly traded companies in 2021. Recently, the fast-casual restaurant chain Sweetgreen announced the launch of its IPO and is expected to get listed on the New York Stock Exchange next week.
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As the IPO frenzy continues, Impossible Foods could go public next year and raise a good amount in gross proceeds and compete with the already-listed plant-based meat company Beyond Meat (NASDAQ:BYND).
Also Read: Sweetgreen IPO: SG stock's price range revealed. Is it worth investing?
Established in Redwood City in 2011, Impossible Foods sells products that taste like meat, however, they are plant-based.
The company created these plant-based meat products so that people get nutritional benefits without hurting their health and the environment.
So far, Impossible Foods has reportedly raised US$ 1.5 billion in funding and its investors include venture capitalists like Khosla Ventures and Horizons Ventures.
Impossible Foods is reportedly looking to raise another US$ 500 million in new funding round and that is expected to increase its valuation to US$ 7 billion.
Those interested in buying the stock of Impossible foods will have to wait until the company announces the launch of its IPO. As of now, retail investors cannot get hold of the company shares.
Bottom line
The plant-based meat industry is growing rapidly, and it is expected to continue gaining momentum in future.
Also Read: Brivo SPAC: How to buy this smart building company’s BRVS stock?
According to a Markets and Markets report, the global plant-based meat industry was valued at US$ 4.3 billion in 2020 and it is expected to reach US$ 8.3 billion by 2025
