'Beyond Meat' Investors Chastain, Gates + DiCaprio Launch Best IPO To Date In 2019

Vegan brand 'Beyond Meat' was the first one in its category to IPO ever. It debuted in May at $25 per share, but rose to $65 by the end of the first day — a leap of 165 percent.

CNBC reported it was the best initial public offering of the year; Beyond Meat “left every other debut in the dust,” including Uber Technologies, which dropped more than 7 percent on its first day of trading.

Several prominent celebs, business leaders and athletes are investors in Beyond Meat, besides spokeswoman Jessica Chastain. Noteworthy moneybags include Microsoft Corp. co-founder Bill Gates and actor Leonardo DiCaprio.

A plant-based burger patty uses 99% less water and 50% less energy. And that's before we get to the methane fumes when your meat love is beef. TIME magazine writes that supermarket sales of meat alternatives surged 19.2 percent to $878 million for the year ended Jan. 5, according to data from Nielsen.  The TIME article reviews a lot of critical information about the competitive marketplace in meat alternatives brands.

Chief Executive Officer Ethan Brown doesn’t expect a conflict between making environmentally based decisions and those that serve shareholders.

“Consumers are looking for products that enable them to be healthier and reduce their footprint,” he explained in an interview. “Every time we’re making a sale we’re furthering our mission and increasing sales.”

“Our packaging is not great,” he said, anticipating criticism from eco-conscious customers. “That runs counter to what I believe in in terms of ability to recycle things and the overall footprint of that packaging, but we care about the quality of the product. So we will make trade-offs that make sense for the product and market instead of the most environmental path.”

Beyond Meat investor Jessica Chastain attends the opening bell ceremony at Nasdaq MarketSite to mark the IPO of Beyond Meat, May 2, 2019 in New York City. via TIME