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Impossible Foods prepping for $ 10 billion $ IPO: report



Impossible Foods Inc. is preparing an initial public tender that could value the plant-based burger maker at about $ 10 billion within the next year.

According to a Reuters report on Thursday, the Silicon Valley-based company, which just launched its first national TV ad campaign, is chewing on being listed either through a traditional IPO or a so-called special acquisition company (SPAC). familiar with the matter.

An IPO of DKK 10 billion $ Would significantly dwarf the 4 billion. Dollars that the company was worth in a private financing round in 2020. Impossible Foods’ backers – which include venture capitalists Khosla Ventures and Horizons Ventures and celebrities Serena Williams and Jay-Z ̵

1; have raised $ 1.5 billion in the private market.

Impossible Foods declined to comment.

The company has been in a tough duel with rival Beyond Meat Inc. BYND,
+ 3.52%,
striking partnerships with major retailers and grocery stores as well as product development efforts with similar McDonald’s Corp. MCD,
-1.01%
and Restaurant Brands International Inc. QSR,
-0.26%
in the midst of changing consumer eating habits and environmental concerns over the beef industry.


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