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Impossible Foods names insider Borecky as CFO ahead of potential listing
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Impossible Foods adds to c-suite ahead of further rapid expansion
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Impossible Foods names insider Borecky as CFO ahead of potential listing
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Exclusive: Impossible Foods in talks to list on the stock market - sources
By Anirban Sen and Joshua Franklin
Reuters
(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.
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.
Impossible Foods in talks to list on the stock market
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