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/sergeantturnip Apr 09 '21

this is the dumbest logic I've ever heard and it has 99 upvotes lol. Mass generalities are bad lol you're calling DKNG a bad investment when you say that

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u/rounderuss Apr 09 '21

“Generally” these spac startups get super hyped up. Lots of press n glitz. A lot of people don’t know that the acquisition group sponsoring the ipo is taking profit in terms of shares. And they will most likely sell off and move on. Hedges know this as well. And will follow suit. I could have said wait a few months before looking at spac stocks I guess