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Impossible Foods to offer $ 10 billion IPO: report



Impossible Foods Inc. is preparing an initial public offering that could generate an estimated $ 10 billion worth of plant-based burger makers within the next year.

The Silicon Valley-based company, which recently launched its first national TV advertising campaign, is chewing to go public, either through a traditional IPO or a special purpose acquisition company (SPAC). According to Reuters on Thursday, referring to the unnamed person. Familiar with this

The $ 10 billion IPO will drop a significant $ 4 billion that the company is valued at in a private equity round in 2020, sponsors of Impossible Foods, which include venture capital investors Khosla Ventures and Horizons Ventures and Sei. The celebrity Rena Williams and Jay-Z have raised $ 1

.5 billion in private equity markets.

Impossible Foods declined comment.

The company has been in a fierce battle with rival Beyond Meat Inc. BYND.
+ 3.52%,
Outstanding partnerships with major retailers and grocers as well as product development efforts with McDonald’s Corp. MCD.
-1.01%
And restaurants Brands International Inc. QSR,
-0.26%
Amid shifting consumer eating habits and environmental concerns in the beef industry.


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