Meat industry competitor Beyond Meat has filed for a $100 million IPO. The California plant-protein company produces vegan alternatives for meats, including its Hot Italian Sausage, Lightly Seasoned Chicken Strips, and flagship product, the Beyond Burger. The company, filed under Nasdaq symbol BYND, reported a 167% net revenue increase from the first three quarters of 2017 to the same period in 2018. This, according to MarketsandMarkets research, among a $4.6 billion meat substitute market in 2018 and a projected $6.4 billion market by 2023.
