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Shares Plant-based startup Impossible Foods is considering filing an Initial Public Offering (IPO) within the next 12 months with a valuation of up to $10 billion, Reuters reports. Sources familiar with the matter said that in lieu of an IPO, Impossible Foods is also considering a merger with a Special Purpose Acquisition Company (SPAC), a shell company that raises funding through an IPO with the purpose of acquiring a private company an alternative way for Impossible Foods to become a publicly traded company with the benefit of reduced regulatory scrutiny. According to Reuters, spokesperson for Impossible Foods declined to comment on the matter, which is still under discussion. 

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