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Impossible Foods Targets a $10 Billion Valuation

Impossible Foods Targets a $10 Billion Valuation
Posted April 13, 2021
The IPO rumor mill is swirling with news that Impossible Foods could be preparing for a $10 billion IPO. Yes, you read that right — $10 billion.
If you aren’t familiar with the company, it develops plant-based substitutes for meat products — similar to recently the IPO'd Beyond Meat (NASDAQ: BYND). You could say that Beyond Meat sort of started the craze for plant-based food alternatives and substitutes for meat products with its IPO. There weren't too many people talking about plant-based alternatives until the news of Beyond Meat’s market debut. Now, most grocery stores have a special (and growing) section for plant-based alternatives.

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