Vegan brand 'Beyond Meat' was the first one in its category to IPO ever. It debuted in May at $25 per share, but rose to $65 by the end of the first day — a leap of 165 percent.
CNBC reported it was the best initial public offering of the year; Beyond Meat “left every other debut in the dust,” including Uber Technologies, which dropped more than 7 percent on its first day of trading.
Several prominent celebs, business leaders and athletes are investors in Beyond Meat, besides spokeswoman Jessica Chastain. Noteworthy moneybags include Microsoft Corp. co-founder Bill Gates and actor Leonardo DiCaprio.
A plant-based burger patty uses 99% less water and 50% less energy. And that's before we get to the methane fumes when your meat love is beef. TIME magazine writes that supermarket sales of meat alternatives surged 19.2 percent to $878 million for the year ended Jan. 5, according to data from Nielsen. The TIME article reviews a lot of critical information about the competitive marketplace in meat alternatives brands.