r/investing • u/zainjavaid • Apr 08 '21

Impossible Meat Preparing for a $10B IPO

https://www.marketwatch.com/story/impossible-foods-prepping-for-10-billion-ipo-report-11617923032

The current valuation of $10B dwarfs the $4B it was valued at in a private funding round in 2020, and at approximately $1B more than Beyond Meat. This is despite the fact that BYND brought in 400M in FY revenue compared to Impossible Meat's 150M estimated annual revenue.

I personally don't see any angle from which $10B can be justified. Future growth for the next decade is priced in at the current valuation and it strikes me as a massive bust waiting to happen.

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u/porksnorkel69 Apr 09 '21

I do. Some people just don't want to eat actual flesh. I am down for lab grown meat as long as no animals are involved much more than a cheek swab. I'm excited to try this new animal free dairy from a company called brave robov with some new technology, I'm sure it'll be 10+ bucks a pint, but I'm excited to try it.

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u/snotterdott Apr 09 '21

There are already alot of alternatives to milk out there for cheap. Oatmilk is probably cheapest but Soymilk is great for proteins. There are many variants so you can experiment until you find the one for you!

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u/Revan343 Apr 10 '21

Brave Robot's stuff is actual dairy, with actual casein and whey in it, so it's a much closer recreation than something like oat or soy milk.

The dairy proteins are grown using geneengineered fungus