When Will Impossible Foods IPO?

Published on March 11, 2021

One of the biggest questions that both health nuts and investors had after the success of Beyond Meat’s (NASDAQ: BYND) 2019 Initial Public Offering was whether competitor Impossible Foods would follow in the company’s footsteps and enter the public market itself. But while Beyond Meat appears to be consistently growing on the public stock exchange, Impossible Foods has been quiet about whether it intends to go public at all.

The success of food tech companies like Impossible Foods and Beyond Meat offer what many meatless brands could not in the past—a flavor and texture that offered a legitimate alternative to meat, rather than a veggie-filled version of the type of food. Burgers, for example, are what both companies became famous for. The plant based Beyond Burger and Impossible Burger became instant wonders, and the buzz surrounding the way the meatless products actually looked and acted like meat triggered immeasurable global growth in every sector from fine dining and expensive food stores to fast food chains.

Despite their similarities, there is a simple answer for why Beyond Meat’s success as a public company has not seemingly influenced Impossible Foods’ decision to file IPO paperwork—Beyond Meat has been around for a few years longer. Beyond Meat was founded in 2009, while Impossible didn’t launch until 2011 and, even then, didn’t launch its first product until 2016 with the Impossible Burger.

But what was once a product of the future seems to only be getting more accessible by the day. Both Impossible Foods and Beyond Meat have tirelessly expanded in recent years to new sectors like the fast food industry (Impossible Foods has a partnership with Burger King while Beyond Meat has one with Carl’s Jr., though both are in a handful of fast food stores around the United States).

With the climate crisis worsening, companies like Impossible Foods and Beyond Meat both stand to make enormous profits in the next several years. Experts estimate that Impossible Foods’ valuation will likely increase significantly in the coming years, and investors are eager for news of an IPO on the horizon.

Nevertheless, the company has been silent (which often says more than it doesn’t regarding SEC filings) on when exactly it plans to file. Some anticipate that news of an Impossible Foods IPO could be coming this year, as the company has increased its valuation through several rounds of funding in the last few years, while others point out that it could be waiting to either reach profitability or see how other plant-based companies do in their own expected 2021 IPOs.

Julia Sachs is a former Managing Editor at Grit Daily. She covers technology, social media and disinformation. She is based in Utah and before the pandemic she liked to travel.

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