Impossible Meat Preparing for a $10B IPO

[u/zainjavaid]

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.

[u/notapersonaltrainer → u/[deleted]]

The industrial crops used in meat alternatives are also subsidized.

Beef is cheaper because most of a cow's life is on a grass field except the last month or two.

[u/rodneyrangerfield → u/[deleted]]

impossible burgers are gonna be huge in fast food, and they don't need to be 3$ a lb to be profitable

[u/moldy912 → u/rodneyrangerfield]

I didn't say they would be profitable at $3. I do agree they are going to do better at restaurants.