AFP, New York :
The celebrity-backed vegan burger start-up Beyond Meat made a sizzling Wall Street debut Thursday, more than doubling its share price, as investors show an appetite for the growing trend in plant-based diets.
Backed by Hollywood star Leonardo DiCaprio and Microsoft founder Bill Gates, the California-based firm had valued itself at about $1.5 billion at opening on the Nasdaq exchange.
But its starting share price of $25 soon sky-rocketed to $65.75, before ending at $59.43 – a valuation of 3.38 billion dollars.
The celebrity-backed vegan burger start-up Beyond Meat made a sizzling Wall Street debut Thursday, more than doubling its share price, as investors show an appetite for the growing trend in plant-based diets.
Backed by Hollywood star Leonardo DiCaprio and Microsoft founder Bill Gates, the California-based firm had valued itself at about $1.5 billion at opening on the Nasdaq exchange.
But its starting share price of $25 soon sky-rocketed to $65.75, before ending at $59.43 – a valuation of 3.38 billion dollars.
