*By Carlo Versano* Beyond Meat, the purveyor of plant-based proteins meant to recreate the taste and texture of meat, has filed for an initial public offering that will help it develop new foods with far-reaching implications that may touch climate change, the obesity epidemic, and world hunger. The nine-year-old California-based company has lines of protein-rich, meat-substitute products billed as vegan replacements for chicken, beef, and sausage that are both healthier and remarkably similar in taste. The Beyond Meat lines are available at grocers like Whole Foods and Tesco in the UK, and are on the menus of restaurants including Bareburger, A&W, and TGI Fridays. Beyond Meat will list on the NASDAQ under the ticker BYND. The offering size was proposed at $100 million, although that figure is a placeholder that is likely to change. Beyond Meat gained recognition when it became clear that its products had the potential to do what the Boca and Gardenburgers that came before could not: get real meat lovers to convert. Mark Bittman, the influential former food columnist for The New York Times, wrote: "You won't know the difference between \[Beyond Meat\] and chicken. I didn't, at least, and this is the kind of thing I do for a living." Even Bill Gates [admitted](https://www.gatesnotes.com/About-Bill-Gates/Future-of-Food) he was fooled. (Gates is now an investor.) Then came the [viral stories](https://www.businessinsider.com/fake-chicken-beef-meat-from-plants-2014-7) about how customers were fooled into thinking they were eating real meat, and [magazine spreads](https://www.popsci.com/article/science/can-artificial-meat-save-world) wondering if artificial meat could save the planet. Beyond Meat CEO Ethan Brown has said that innovations in plant-based meat replacements will eventually make the factory farming of animals for food a thing of the past. He wants Beyond Meat to be the Perdue or Tyson ($TSN) of that new world ー and they're not laughing it off. Tyson owns a 5 percent stake in the company and hasn't ruled out an acquisition.

Share:
More In Business
Trump Highlights Partnership Investing $500 Billion in AI
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Cybersecurity is Entering a New Era
Jim Guinn, EY Americas Cybersecurity Leader, shares how companies must stay vigilant and navigate the evolving regulatory landscape. *Sponsored by EY
Load More