Beyond Meat Inc. priced its initial public offering at $25 a share Wednesday evening, the high end of a range that had been increased. The plant-based meat...
Beyond Meat Inc. BYND, +0.00% priced its initial public offering at $25 a share Wednesday evening, the high end of a range that had been increased. The plant-based meat company plans to sell at least 9.6 million shares at that price, raising more than $240 million at a valuation slightly shy of $1.5 billion. Beyond Meat originally sought to sell 8.75 million shares at a price of $19 to $21, but increased the share count and price range earlier this week.
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Beyond Meat prices IPO at $25 per share: SourceThat's above the company's original expected range between $19 and $21 per share. The high end of the previous range would have valued the company as high as $1.21 billion.
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Cramer: Beyond Meat will IPO for $25 a share — buy it below $35 after its debut'At the midpoint of its current price range, Beyond Meat's going to be very expensive — it's already trading at 17-times last year's sales,' Jim Cramer says.
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Vegan burger maker Beyond Meat raises price range in upsized IPOPlant-based meat maker Beyond Meat Inc on Tuesday increased the expected price r...
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Burger King and Beyond Meat say plant-based burgers aren't eating into meat salesThe meat-substitute maker's customers keep buying animal protein, while the fast-food chain's Impossible Whopper hasn't eaten into Whopper sales.
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Beyond Meat’s green IPO could still burn buyersThe plant-based burger maker is seeking a $1.5 bln valuation after raising its IPO target price by 20 pct. The eco-friendly business has developed a following among consumers. But with former investor Tyson entering the alternative-meat space, investors may have tastier options.
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Breakingviews - Beyond Meat’s green IPO could still burn buyersBeyond Meat is gearing up for an IPO as more consumers develop a taste for its plant-based burgers. But investors entering the alternative-meat space may have better options via Breakingviews alpgomez
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Activists pressuring Bed Bath & Beyond detail plan 'to stem the tide of value destruction'The trio of activist investors at Bed Bath & Beyond unveiled a case for why shareholders should elect their board nominees.
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Bed Bath & Beyond investor group proposes immediate replace of CEO, shares fallShares of Bed Bath & Beyond Inc. fell 1.5% in morning trade Friday, after an activist investor group proposed a plan to modernize the home furnishings retailer's strategies, boost earnings and shareholder value, starting with ousting the CEO. As part of the plan, the investor group, which includes Legion Partners Holdings LLC, Macellum Advisors GP LLC and Ancora Advisors LLC, said Chief Executive Steven Gemares "must be immediately replaced" to avoid further destruction of value. Temares has been CEO since 2003, and has been part of leadership since the company went public in 1992. The group said its plan, which also includes fixing the merchandise over-assortment, increasing employee training, improving vendor relations and cutting costs, will help boost annual earnings to $5.00 a share; the FactSet EPS consensus for 2019 is $1.96. The stock has lost 6.2% over the past 12 months, while the SPDR S&P Retail ETF has gained 0.1% and the S&P 500 has advanced 9.7%.
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