172. Impossible Foods IPO Stock Analysis | Buy or Sell?

Apr 15, 2021 · 31m 50s
172. Impossible Foods IPO Stock Analysis | Buy or Sell?
Description

The plant-based meat company Impossible Foods Inc. is rumoured to go public, expecting a valuation of $10 billion, as per reports. After a funding round in 2020, the California-based company...

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The plant-based meat company Impossible Foods Inc. is rumoured to go public, expecting a valuation of $10 billion, as per reports. After a funding round in 2020, the California-based company valued at $4 billion. It may either file for an initial public offering in the next several months or merge with a Special Purpose Acquisition Company (SPAC). Impossible Foods has witnessed immense growth, with its products available in major fast food chains such as Burger King and Starbucks. It debuted its products through retail in 2019, and according to the Good Food Institute, the brand saw sales worth $7 billion in 2020. In 2018, Beyond Meat (BYND) became the first plant-based meat company to file for an IPO, which has a current market cap of $8.5 billion. On this stock analysis episode we delve into whether Impossible Foods will be a buy or sell on IPO launch.

Impossible Foods website ➜ http://bit.ly/ImpFoods​

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#ImpossibleFoods​ #BYND​ #IPO​
~Impossible Foods IPO Stock Analysis | Buy or Sell~
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