Beyond Meat Competitor Impossible Foods Is Readying Its IPO, Sources Say
After years of investor anticipation and guesswork, sources close to the situation told Reuters today Impossible Foods, the biggest dedicated U.S. plant-based meat maker after Beyond Meat (NASDAQ: BYND), is making plans for a near-future initial public offering (IPO). The anonymous tipsters told the news service Impossible intends to file for its launch on the public market sometime in the next 12 months.
The sources were unsure about whether Impossible Foods would choose to make its stock market debut through a traditional IPO, or if it will do so using a special purpose acquisition company, or SPAC. SPACs are blank-check companies that go public, build investor interest, then merge with a privately held company, with the combined entity trading under a new ticker.
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Source Fool.com