Beyond Meat Has Top IPO of 2019

On May 2, Beyond Meat became the first vegan meat company to go public—and it did so in a big way. The vegan brand initially expected its stocks to be priced between $19 to $21, which later rose to $25 as early investor interest grew and opened on Thursday morning at a whopping $46 per share. Beyond Meat’s success throughout its first day of trading—which saw surges in stock prices up to 163 percent—makes it the top performing first-day stock of the year, beating out last month’s launch of Silk Road Medical Inc. on NASDAQ. Beyond Meat secured $241 million from the sale of 9.63 million shares and is currently valued at $3.8 billion. In the category of companies who have raised $200 million from going public, Beyond Meat’s IPO is the best performing since before the 2008 financial crisis.