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Will Beyond Meat Reach a Billion-Dollar Market Cap by 2025?
BYNDBeyond Meat(BYND) The Motley Fool·2024-06-05 14:00

The producer of plant-based meat products still needs to overcome a lot of challenges.Beyond Meat (BYND -0.13%), a leading producer of plant-based meat substitute products, went public on May 2, 2019, at 25ashare.Itsstockclosedat25 a share. Its stock closed at 65.75 on the first day and subsequently soared to an all-time high of 234.90onJuly26,2019.Atitspeak,BeyondMeatsmarketcapreached234.90 on July 26, 2019.At its peak, Beyond Meat's market cap reached 14.1 billion, or 47 times the revenue it would actually generate in 2019. The bubbly valuation made an easy target for the bears as ...