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April 30 (Reuters) – Plant-based meat maker Beyond Meat Inc. on Tuesday raised the expected price range and size of its initial public offering, a sign of strong investor demand.
The company announced plans to offer 9.63 million shares, compared to 8.75 million shares. He expects the IPO price to be between $ 23 and $ 25 per share, compared to $ 19 to $ 21 per share, according to his latest filing with the US Securities and Exchange Commission. (Bit.ly/2GMa9vB)
The highest part of the indicative price range gives the company a market value of $ 1.5 billion, compared with $ 1.21 billion previously. (Report by Bharath Manjesh in Bengaluru, edited by James Emmanuel)
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