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Beyond Meat Competitor Impossible Foods Is Readying Its IPO, Sources Say

Rhian Hunt, The Motley Fool
·2 min read
Beyond Meat Competitor Impossible Foods Is Readying Its IPO, Sources Say
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After years of investor anticipation and guesswork, sources close to the situation told Reuters today Impossible Foods, the biggest dedicated U.S. plant-based meat maker after Beyond Meat (NASDAQ: BYND), is making plans for a near-future initial public offering (IPO). The sources were unsure about whether Impossible Foods would choose to make its stock market debut through a traditional IPO, or if it will do so using a special purpose acquisition company, or SPAC. According to data reported by PYMNTS.com, 400 companies are currently seeking a matching SPAC, while the blank-check shell enterprises raised approximately $87 billion during 2021's first three months.