Beyond Meat is expected to be the first vegan company to go public in the near future, according to a recent report from "CNBC."
It's not surprising considering Beyond Meat has quickly emerged as one of the biggest players in the plant-based protein game.
Besides being the first plant-based burger to be sold in the meat section at Whole Foods, the company has partnered with restaurants and food distributors across the country to get the Beyond Burger on more menus.
So far, the company was sold over 25 million veggie burgers. Earlier this year, Beyond Meat was given the United Nations “Champion of the Earth” award.
Even the meat protein giant Tyson Foods sees potential in the plant-based burger market and made that clear when the company bought a 5 percent stake in Beyond Meat at the end of last year.
The plant-based industry is on the rise and is expected to be worth $5.2 billion in sales by 2020, according to Oregon-based Allied Market Research (AMR.) According to Nielsen, 40 percent of Americans are trying to eat more plant-based foods.
With that being said, Beyond Meat is especially attractive to investors. Bill Gates, Kleiner Perkins, and Kleiner Perkins, and Leonardo DiCaprio are all on the plant-based company's long list of investors.
But will these investors be pleased with an IPO event?
"Many of them are mission investors who might feel that the pressures of being a public company could slow down innovation. At the same time, they should be happy to see the company IPO as it will clear a path for others in this space, like Impossible Foods, to follow suit. Not to mention pocketing a nice return from their original investment in previous rounds," writes "Forbes."
The plant-based company has yet to comment but "CNBC" reported that "JP Morgan, Credit Suisse, and Goldman Sachs are being targeted to lead the deal."
Read more about the speculated deal at "Forbes" now.
We recently sat down with Ethan Brown, CEO of Beyond Burger to discuss the company’s success. Listen to Beyond Meat’s unique story below.