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Eat Just, maker of the plant-based egg favorite JUST Egg, is speculated to be going public at a hefty valuation of $3 billion. According to one of the company s lead investors, Eat Just is likely to go public in Q4 of this year, having grown fast enough to reach for a valuation that is fully $1 billion more than what
Bloomberg estimated it was worth just last October, which was $2 billion then. Currently, the initial offering price has not been posted yet, but investors can anticipate that Eat Just will continue to strive for a bold valuation.
Last August, the company s CEO and co-founder, Josh Tetrick, discussed the potential IPO with Reuters and claimed that once the company reached operating profitability it would begin the process of filing for an IPO. The total VC investment so far into Eat Just has been $440 million, following a $220 million funding round led by Qatar Investment Authority back in May. The company sold the equivalent 100 million eggs this year,
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