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Beyond Meat Inc. beef crumb packaging is on display for a photograph in Tiskilwa, Illinois, USA on Tuesday, April 23, 2019.
Daniel Acker | Bloomberg | Getty Images
Beyond the meat price its initial public offering at $ 25 action, a source familiar with the CNBC issue says.
This amount is above the expected range of $ 23 to $ 25 per share of the company, which has been increased from the original range of $ 19 to $ 21 per share.
At the price of its IPO, Beyond holds an implied market valuation of $ 1.46 billion.
The company manufactures herbal meat substitutes and plans to register on the Nasdaq with the symbol "BYND".
In a previous document filed with the Securities and Exchange Commission, Beyond announced its intention to raise $ 183.8 million as part of its IPO and use the proceeds of this sale to invest in manufacturing facilities. , research and development, and sales and marketing.
Beyond 2018, Beyond recorded a business turnover of $ 87.9 million and a net loss of $ 29.9 million.
Goldman Sachs, J.P. Morgan, Credit Suisse, Merrill Lynch, Pierce, Fenner & Smith, Jefferies and William Blair subscribe to the IPO.
WATCH: Beyond hamburger meat's attack on the multibillion dollar beef industry
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