Beyond Meat CEO Ethan Brown said the IPO timing is right because the company wants to expand overseas. The IPO comes amid growing consumer interest in plant-based foods for their presumed health and environmental benefits. Traditional meat sales rose 1 per cent to $85 billion in that same time frame. U.K. sales of meat alternatives jumped 18 per cent over the last year, while sales of traditional meat and poultry slid 2 per cent. The lean beef burger is 160 calories; a Beyond Meat burger is 270 calories.

Source: thestar May 02, 2019 18:22 UTC