FIRST AIRED: May 2, 2019

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00:00:00
everybody wants a bite of this burger and that won't be the last time you hear Thursday about beyond meat , which made its public debut on the nasdaq and more than doubled its twenty five dollar IPO price faster than you can say gluten free plant based protein the company which makes meatless burgers increase the number of shares on offer by ten percent earlier this week and raised its initial price range from between nineteen and twenty one dollars a share to between twenty three and twenty five dollars a share it opened at forty six dollars a share climbing to more than sixty a share by mid day the business both Bill Gates Leonardo di Caprio and former NBA star John Salley as investors but it's not the only player out there fast food giants Burger King and white castle have added meat substitutes made by beyond meets rival impossible foods and Tyson foods the biggest meat processor in the U. S. sold its stake in the company as a prep its own brand of alternative protein analysts estimated the global market for meat substitutes was worth over four and a half billion dollars last year and it's predicted to reach six point four billion by twenty twenty three the company said it wants to use most of the funds raised in the IPO to boost our Indian manufacturing in its quest to feed flex a Terry ends or at least get more people to know what that word means