Beyond Meat Inc.’s share price more than doubled in the company’s Wall Street debut, as the first alternative meat startup to go public had the best open for a U.S.-listed IPO of 2019. Shares of the plant-based meat substitute company, which went public at $25, opened on the Nasdaq on Thursday at $46 and surged as high as $73, putting its market capitalization at $3.7 billion. The stock closed the day at $65.75, a rise of 163%.

Source: Wall Street Journal May 02, 2019 16:30 UTC