BREAKING: Shares in Vegan Company Beyond Meat SIZZLEBeyond Meat, the company that makes meatless alternatives to beef, pork and poultry, began trading at $46 a share on Thursday, an 84% increase over its IPO price of $25.
Last week, the company said it would price its shares between $19 and $21. The increase shows just how hot demand for plant-based protein is right now, as more consumers are turning to meat alternatives to keep healthier diets and reduce their impact on the environment.
Just hours after it started trading, the stock had soared to nearly $73. It closed at $65.75 per share, up 163% from its IPO price.
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