![]() ![]() Impossible Foods Public Listing Key Data and IPO Date ![]() Read on to find out the Impossible Foods IPO date and price, and other key info. The company’s retail sales went up 85% YoY and clearly it was time to start asking, “when is Impossible Foods going public?” The latest round led by Mirae Asset Global Investments in November 2021, brought in $500 million for the company, bringing up its valuation to $7 billion. Impossible Foods has raised over $2 billion in funding over the years, including celebrity investors Bill Gates, Jay-Z, and Serena Williams. In addition to its Impossible Burger made of soy,the company offers a range of other products including plant-based sausages, meatballs, chicken nuggets, and ground pork. Nowadays, the company sells its products at over 20,000 grocery stores and 40,000 restaurants globally. By July 2018 the Impossible Burger was being sold at 3 thousand locations in the US and Hong Kong, and by the end of the year the burger was on the menu of 5 thousand restaurants in all 50 states. Soon after this the burger became available at a number of chain restaurants like Bareburger (NY), Umami Burger (CA), and Hopdoddy (TX). The following year, the company announced it would open its first full-size production plant in Oakland, CA and would produce 1 million pounds of non-meat burgers every month. Because the production was small, the burger was only available at a handful of restaurants in New York and California. ![]() The company’s main product, the Impossible Burger, was first presented in 2016. The company claims it uses 95% less land, 74% less water and emits 87% less greenhouse gas to make its burger than a beef burger made from a cow. Brown in 2011 in Redwood City, CA, their goal is to make the food industry sustainable by finding alternative ways to get food without using animals. Impossible Foods is an American company that makes plant-based meat, dairy and fish substitutes. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |