https://www.marketwatch.com/story/impossible-foods-prepping-for-10-billion-ipo-report-11617923032
The current valuation of $10B dwarfs the $4B it was valued at in a private funding round in 2020, and at approximately $1B more than Beyond Meat. This is despite the fact that BYND brought in 400M in FY revenue compared to Impossible Meat's 150M estimated annual revenue.
I personally don't see any angle from which $10B can be justified. Future growth for the next decade is priced in at the current valuation and it strikes me as a massive bust waiting to happen.
Submitted April 08, 2021 at 07:27PM by zainjavaid https://ift.tt/3wEWjEv
