Impossible Foods IPO Price: Impossible Foods Stock Price, Quote, History, News
Impossible Foods, a company founded in 2011, sells its meat-free products in grocery stores and has a number of agreements, including with Burger King and Disney.
The number of Impossible Foods’ burgers offered in more than 20,000 locations has grown from 150 sites in the past year, the business has revealed.
Beyond Meat Inc’s stock has soared more than 400 percent since its initial public offering in 2019.
To join AppHarvest as its new CFO, David Lee left Impossible Foods earlier this year. David Borecky is currently functioning as the interim CFO.
Valuation
Date of Last Funding Round
August 2020
Amount Last Raised
$4.05 B
Value at Last Round
$209.63 MM
Total Funding to Date
$1.4 B
Impossible was able to get $700 million in investment while Borecky was in charge of its accounting, tax, and financial operations. More than $1.5 billion has been raised by Impossible since the company was founded in 2011.
Impossible Foods CEO Borecky tells MarketWatch in an email that the company has more than doubled the number of restaurants serving its goods since the pandemic began in March 2020. He didn’t want to say anything about an IPO.
An IPO or merger with a special-purpose acquisition company (SPAC) is expected to be completed by the spring of 2022, according to individuals close to Impossible.
It has been shown in a recent analysis by Impossible that retail sales of plant-based products have surged 43 percent since 2019, exceeding total food sales growth nine-fold. It also quoted UBS Investment Bank’s forecasts that the U.S. plant-based meat sector would reach $15 billion in sales by 2025, with sales expected to grow by 40% yearly, compared to 0% annually for animal meat. UBS Investment Bank
Be the first to comment