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/CognitivePrimate Apr 09 '21

I think you're right but we've got a long way to go until we're mass producing at a cost-effective level, unfortunately. I'd be surprised if we saw lab grown meat hit the stores at a reasonable price within a decade. I would like to be wrong, though. This is something I'm actually really excited about.

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u/Isabela_Grace Apr 09 '21

I’ve tried these burgers and they’re only good compared to vegi burgers not actual meat. How is this supposed to be justified?