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Exclusive: Impossible Foods in talks to list on the stock market - sources
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Exclusive: Impossible Foods in talks to list on the stock market - sources
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(Reuters) - Impossible Foods Inc is preparing for a public listing which could value the U.S. plant-based burger maker at around $10 billion or more, according to people familiar with the matter.
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This would be substantially more than the $4 billion the company was worth in a private funding round in 2020. It would highlight growing demand for plant-based meat products, driven by environmental and ethical concerns among consumers.
Impossible Foods is exploring going public through an initial public offering (IPO) in the next 12 months or a merger with a so-called special purpose acquisition company (SPAC), the sources said.
U.S. plant-based burger maker Impossible Foods in talks to list on the stock market Anirban Sen and Joshua Franklin Reuters Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Impossible Foods Inc is preparing for a public listing which could value the U.S. plant-based burger maker at around $10 billion or more, according to people familiar with the matter.
This would be substantially more than the $4 billion the company was worth in a private funding round in 2020. It would highlight growing demand for plant-based meat products, driven by environmental and ethical concerns among consumers.
Exclusive: Impossible Foods in talks to list on the stock market: sources
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