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ya its probably just a pump.

But still, there is a price where this company becomes worth it. WF contract and Carl's Jr, etc. That aint meaningless.

Aint a lot of comps either, so it's pretty uncharted territory.

>dude weed lmao

not just a WF contract. beyond was the first plant based company to get their food put into the meat aisles. that is huge.

idk about other stores, but in WF, beyond meat is not in the meat aisle. It's next to all the vegan cheese and kimchi.

And anyway, black bean burgers have been near frozen meat freezers for decades.

KYS

so can you confirm that it was impossible for us peasants to buy the low price? That way I won't feel like shit forever

institutional buyers had first crack. you had no chance.

how tf can they rail on crypto and yet pull that kind of shite

meh i think if the underwriters already written up the price from 19-21 to 23-35 and now it's at 58 goes to show you that the company is less optimistic about their financials than wallstreet. i'll wait and see, if the price doesn't come down i'll just wait for impossible foods ipo.

23-25

>nutriently shit
>costs as gold
Lol. True zoomers thing.

its not the company's optimism about their financials, the IB is completely responsible for accurately gauging market interest and correctly pricing the slice of equity along lines the market is ready to accept.

The IB typically gets rewarded by getting a % of the net raise, so theoretically their interests are aligned with the company's who obviously wants to maximize the price of equity.

That all changes once the IBs earn tons of other revenues from the people they're supposed to be across the table from, ie, institutional investors.

Not only do IB's lowball the price of issues to give them that opening day "pop" that everyone knows and loves, but they're also lowballing the equity to force the company to pay its dues and kiss the ring, while their most trusted clients get to scoop up the issue well below fair value.

tldr, its just a payoff to the IBs rich clients. New fake meat, same old crony capitalism