ASSOCIATED PRESSThis week’s IPO of Beyond Meat (BYND) was a flashback to the dot-com boom as the company’s shares soared 167% on its debut. Even more impressive is that Beyond Meat is, well, a food company (it develops plant-based meat products) and the sales for 2018 were only $87.9 million (and yes, the company has yet to post a profit). But then again, Beyond Meat is a New Age food company that is disrupting a massive industry. Interestingly enough, he requests that his product be sold in the meat case at grocery stores. He also sought the help from researchers at the University of Missouri’s Bioengineering and Food Science Department at the College of Agriculture and Natural Resources and faculty and students at the University of Maryland’s Nutrition & Food Science Department.

Source: Forbes May 05, 2019 15:56 UTC