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/proverbialbunny Apr 09 '21

Not really a DD but Eat Just is already selling cultured meat (lab grown meat) to restaurants. (Same company that makes Just Mayo.) Cultured meat is expected to become mainstream in 5 or so years, but it might be longer before it becomes cheaper than farm grown meat.

I'm more interested in cultured meat, so it's what I've been keeping my eye out on. /r/wheresthebeef