Orrick-Led Beyond Meat Hits The Market With $241M IPO

Law360 (May 2, 2019, 4:57 PM EDT) -- Plant-based protein company Beyond Meat made its market debut Thursday, rocketing out of the gate with a big first day of trading after the Orrick-led business scooped up $240.6 million in its initial public offering.

Venture-backed Beyond Meat Inc. sold 9.625 million shares at $25 apiece, the high end of the company's per-share price range. Underwriters for the offering have the option to acquire around 1.44 million additional shares, a move that would bring the total amount raised by Beyond Meat to more than $276 million.

Beyond Meat's shares ended their first day of trading at $65.75 apiece, an increase of...

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