This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

What We Learned From Redlining Beyond Meat’s (Nasdaq: BYND) Secondary Offering Documents

Sentieo

Contributor:
Sentieo
Visit: Sentieo

By:

Senior Marketing Manager

Meat alternative marketer and recent IPO Beyond Meat (Nasdaq: BYND) recently reported quarterly earnings, and, concurrently, the company surprised the market with a secondary offering well ahead of the indicated 180-day IPO period (a rare occurrence in the last 10 years). The stock’s performance since its IPO has been stunning: the IPO priced at $25 on May 01, 2019, and the stock went up over 8 times leading up to the earnings announcement.

The secondary offering priced at $160, well below the closing price of $222.13, the last price before the Q2 results and secondary announcement on July 29, 2019.

The offering was mostly pre-IPO investors and insiders selling (3,000,000 shares), along with the company selling 250,000 shares itself to fund its operations:

The secondary came just as BYND’s market capitalization surpassed that of a number of consumer staples companies in the S&P 500:

(interactive chart link)

We were curious to read the secondary offering document using redlining, to see what has changed since the IPO documents. Keep in mind that there will be changes solely due to the fact that BYND is now publicly traded, versus the pre-IPO language. We redlined the secondary S-1/A filed on July 31, 2019, against the final IPO S-1/A from April 29, 2019.

Here are our notes:

1) Stunning distribution and sales growth, along with successful partnerships and major increases in media impressions:

2) Expanding distribution in Europe and growing product lines:

Click Here to Read the Full Article

Originally Posted on August 5, 2019 – What We Learned From Redlining Beyond Meat’s (Nasdaq: BYND) Secondary Offering Documents

DISCLAIMER

Nothing on this website should be considered investment advice. We do not make recommendations (long or short) in any securities. We do not express opinions as to whether any company’s accounting practices are in violation of SEC, GAAP, IFRS or other rules/regulations.

Disclosure: Sentieo

DISCLAIMER: Nothing on this website should be considered investment advice. We do not make recommendations (long or short) in any securities. We do not express opinions as to whether any company’s accounting practices are in violation of SEC, GAAP, IFRS or other rules/regulations.

Disclosure: Interactive Brokers

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Sentieo and is being posted with permission from Sentieo. The views expressed in this material are solely those of the author and/or Sentieo and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

trading top