Beyond Meat Competitor Impossible Foods Is Readying Its IPO, Sources Say

Rhian Hunt, The Motley Fool
·2 min read
Beyond Meat Competitor Impossible Foods Is Readying Its IPO, Sources Say

After years of investor anticipation and guesswork, sources close to the situation told Reuters today Impossible Foods, the biggest dedicated U.S. plant-based meat maker after Beyond Meat (NASDAQ: BYND), is making plans for a near-future initial public offering (IPO). The sources were unsure about whether Impossible Foods would choose to make its stock market debut through a traditional IPO, or if it will do so using a special purpose acquisition company, or SPAC. According to data reported by PYMNTS.com, 400 companies are currently seeking a matching SPAC, while the blank-check shell enterprises raised approximately $87 billion during 2021's first three months.