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Muscle Maker Grill Announces Pricing of $7.7 Million Initial Public Offering
Muscle Maker, Inc. announced that it priced on February 12, 2020 its initial public offering of 1,540,000 shares of common stock at a price to the public of $5.00 per share. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 231,000 shares of common stock at the initial public offering price. The total proceeds paid to the Company in the initial public offering or upon exercise of the underwriter’s option will be reduced by underwriting discounts and commissions and other costs arising in the offering. The shares are expected to begin...
Rabobank Talks Alternative Protein Surprises
Rabobank kicks off the first note of the decade by sharing some of the main highlights from their annual ‘We Didn’t See That Coming’ survey of food trends. At the end of every year, for the past five years, Rabobank has asked in confidence the simple but highly revealing question: “In the world of food, what surprised you the most over the last twelve months?”
The main surprise can be summed up as the ‘the rapid growth and consumer acceptance of alternative proteins.’ For ease of digestion Rabobank has broken it into four sections...
Wall Street Analysts See Beyond Meat Shares Pulling Back After Tripling Since IPO
Wall Street analysts following initial public offerings are normally bullish, but the first major reports on Beyond Meat are tepid, saying the stock has just run too far too fast in the weeks following its much anticipated debut.
The major analysts started coverage on the plant-based meat substitute on Tuesday, honoring a typical grace period seen by the underwriting firms and other major analysts. The alternative meat play has more than tripled from its $25 IPO price earlier this month.
“We think the stock’s valuation already factors in a best-case scenario for the company’s growth rate over the next six years without taking into account typical near-term execution risk for early-stage start-up companies,” Credit Suisse analyst Robert Moskow said. The firm started coverage of the stock at neutral...
Vegan Burger Maker Beyond Meat Sizzles in Market Debut
Shares of vegan burger maker Beyond Meat Inc surged 84 percent in their market debut on Thursday, as investors look to cash in on the growing popularity of plant-based meat alternatives.
The stock opened at $46, well above its IPO price of $25, giving Beyond Meat a market capitalization of around $2.75 billion, including underwriters' option.
Shares surged to $50 just minutes after starting to trade and were halted due to volatility. They have since resumed trading at more than...
Blue Apron Announces What to Expect in 2020
U.S. Pork Industry Requests Additional ASF Prevention Measures
Rabobank: Foodservice Industry Continues to Suffer from Coronavirus Outbreak
American Egg Board Introduces Made with Real Eggs Seal
Burger King Launches Ad Campaign About Removing Artificial Preservatives from the Whopper
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