It would highlight growing demand for plant-based meat products, driven by environmental and ethical concerns among consumers. Terms of the round have not yet been finalised and subject to change, but the figure would put Impossible's valuation higher than its rival Beyond Meat. Beyond Meat was the first plant-based meat company to file . If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment!. Impossible Foods is rolling out its meatless pork product in Hong Kong in October and Singapore later in the year as it tries to bolster its footprint in the fast-growing plant-based food space. Impossible Foods Inc was preparing for public listing as far back as April 2021. The share price exploded after the $25/share IPO, from $46 to almost . Plant-based startup Impossible Foods is considering filing an Initial Public Offering (IPO) within the next 12 months with a valuation of up to $10 billion, Reuters reports. Impossible Foods' US$10B valuation is too high, inflated by SPAC craze and hype. Popular plant-based meat maker Impossible Foods is exploring going public at a $10 billion valuation, sources told Reuters. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! But the SPAC option could dilute the company's existing shareholders significantly more than an IPO. The sources say Impossible Foods is strongly interested in a SPAC IPO because this would likely put its valuation at $10 billion or higher. ©Impossible Foods. SPAC is a company that raises funds in an IPO to acquire a privately held company. Plant-based protein titan Impossible Foods is reportedly looking to go public on the U.S. stock exchange through an IPO or SPAC listing, Forbes reported. The company is one of the largest in the plant-based food market and a main competitor. . Impossible Foods is bringing its meatless sausage to U.S. grocery stores. Impossible Foods is exploring going public through an initial public. or SPAC. The California-based company is considering a public listing via an IPO. Impossible Foods is reported to be preparing to go public next year at a valuation of $10 billion or more, though an IPO or SPAC merger would be "subject to market conditions," according to people familiar with the matter. The company is one of the largest in the plant-based food market and a main competitor. Impossible Foods is reportedly preparing for a public listing in the next 12 months, potentially in the form of an IPO or a merger with a special purpose acquisition company (SPAC), at a reported value of $10 billion or over. HONG KONG: Impossible Foods is rolling out its meatless pork product in Hong Kong in October and Singapore later in the year as it tries to bolster its footprint in the fast-growing plant-based . Impossible Foods is exploring going public through an initial public. Impossible Foods Inc is preparing for a public listing which could value the plant-based burger maker at more than $10 billion, according to a report. Impossible Foods Inc is preparing for a public listing which could value the plant-based burger maker at more than $10 billion, according to a report. Impossible Foods and its financial advisers are in talks with a SPAC after receiving offers at a substantial valuation. Impossible is . Impossible Foods is exploring going public through an initial public offering (IPO) in the next 12 months or a merger with a so-called special purpose acquisition company (SPAC), the sources said. Here are some of the SPACs that could bring Impossible Foods public, should Impossible Foods opt for a different route to going public than the traditional IPO. or SPAC. According to Bloomberg, the company is expecting a valuation of $7 billion, though terms had not yet been finalised.. Last year, the company had two very successful fundraisers. Jack Creek Investment Corp includes Samir Kaul as one of the directors. +4.67%. exclusive-impossible foods preparing for public listing in next 12 months, exploring spac merger or ipo (SPAC), the . In April, reports surfaced about vegan meat-alternative brand Impossible Foods potentially seeking a public offering via a SPAC. The team he built at Impossible is "incredibly strong," Lee said. (Reuters) -Faux beef products maker Impossible Foods said on Tuesday it had raised nearly $500 million in a funding round led by existing investor Mirae Asset Global Investments. Impossible Foods, a California-based company that develops plant-based meat products, is considering going public in a deal that could potentially value the business at more than $10 billion. Impossible Foods is exploring options to go public either via traditional IPO or SPAC, according to Reuters. Buitoni and Impossible Foods Launch First-of-its-Kind Ravioli in Two Flavors A first for the refrigerated pasta category, the new raviolis are arriving on select stores shelves now with additional . The Impossible Foods IPO is expected to be worth $10 billion. Impossible Foods, which hopes to hire 100 more scientists this year, needed a space with expanded research and development space, as well as a new test kitchen. More than a year ago, the company launched the sausage alternative nationwide at restaurants. Today Impossible Foods is still a private company valued at roughly $4 billion in 2020, however, they are currently in talks to go public in the next 12 months via IPO (initial public offering) or SPAC (special purpose acquisition company). Impossible Foods, the startup behind wildly popular vegan burgers, is exploring a public listing that could give the company a valuation of $10 billion, Reuters reported on Thursday. Lee oversaw capital raising as finance chief of fast-growing Impossible Foods; in that company's latest funding round shortly before his departure, it raised $200 million, bringing its total investment to just shy $1.5 billion. Well-known names love Impossible Foods. Impossible Foods is rolling out its meatless pork product in Hong Kong in October and Singapore later in the year as it tries to bolster its footprint in the fast-growing plant-based food space. As you look to a . Impossible Foods is Beyond's biggest rival and is still private, however, back in March raised money at a valuation close to $4 billion. . My reasons to think that are: 1/ Forum Merger II Corp (FMCI) filed a DEFA14A on May 13th with an introduction perfectly describing Impossible Foods:. The product will also be sold in some Hong Kong grocery stores as . Image source: Impossible Foods. After its initial funding round, the company has the option to file for an initial public offering (IPO) status or merge with a Special Purpose Acquisition Company (SPAC) to increase its funds. (SPAC), the . Impossible Foods Inc. will publicly announce a new chief financial officer and lead human-resources executive Monday as chatter about a possible IPO for the plant-based meat maker . company is the 14th Massachusetts-based SPAC to launch this year, . (Reuters) -Faux beef products maker Impossible Foods said on Tuesday it had raised nearly $500 million in a funding round led by existing investor Mirae Asset Global Investments. . If the post above contributes to the sub in a meaningful way, please upvote this comment! They are hoping to accomplish it within 12 months from April 2021. By Mariliana Fotopoulou Friday, April 9, 2021. A SPAC is a shell company that has raised funds through an initial public offering without any product in the market but acquires private companies in the process. IPO outlook: Negative (too high) Impossible Foods should aim to go . Aug. 10 2021, Published 11:58 a.m. Jack Creek Investment Corp ( JCIC) A SPAC that raised over $300 million targeting a company in the food and grocery supply chain business could target Impossible Foods. Impossible Foods shattered fundraising records for the plant-based space last year with a total of $700 million in new investments — a $500 million round that closed in March and a $200 million . And with a post-merger value of $1 billion, the SPAC deal is not one to scoff at. impossible foods pre-ipo via spac Im looking at this company and for confirmation on value we have beyond meats to look at. Impossible Foods Its Market. Impossible Foods is set on going public. The popular plant-based meat company Impossible Foods has teamed up with an unexpected partner to launch their first venture into the fast food space.. Impossible Foods is exploring options to go public either via traditional IPO or SPAC, according to Reuters.The company is one of the largest in the plant-based food market and a main competitor for Beyond Meat Inc (NASDAQ:BYND).. Because Impossible Foods is a so-called unicorn and Silicon Valley darling, you can be sure that the Impossible Foods IPO date announcement will be loudly publicized. Hong Kong (CNN Business) Impossible Foods has secured about half a billion dollars in fresh funding, despite the global economic turmoil triggered by the coronavirus pandemic. Beyond Meat's competitor, Impossible Foods, is valued at the top of that range, . Plant-based protein titan Impossible Foods is reportedly looking to go public on the U.S. stock exchange through an IPO or SPAC listing, Forbes reported. As far as . Impossible Foods has set a goal to raise $500 million in its latest funding round. The California-based company said the ground minced pork substitute would be available in 120 restaurants in Hong Kong from Oct 4. Impossible Foods eyes $7B valuation for 'inevitable' IPO. ThinkStock Photos A SPAC is a shell company that raises funds in an IPO with the aim of acquiring a private company. Impossible Foods Inc is reportedly preparing to list a plant-based burger maker that could value more than $ 10 billion. Bill Gates, Trevor Noah, Jay-Z (who recently had a marijuana company go public via a SPAC), and Serena Williams are just some of the investors. Khosla Ventures is among the early investors in Impossible Foods - and it formed four special purpose acquisition companies (SPACs) in February. Impossible Foods IPO in the Future? The company . Impossible Foods is exploring going public through an initial public offering (IPO) in the next 12 months or a merger with a so-called special purpose acquisition company (SPAC), the sources said.. Impossible Foods is expected to go public with a reported valuation of $10 billion. Sources familiar with the matter said that in lieu of an IPO, Impossible Foods is also considering a merger with a Special Purpose Acquisition Company (SPAC), a shell company that raises funding through an IPO with the . 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