BYND stock is having a rough day as Beyond Meat Inc (NASDAQ:BYND) announced a secondary share offering.
Strong Earnings Overshadowed by Stock Offerings2019 has been a year of big initial public offerings, with Uber Technologies Inc (NYSE:UBER) and LYFT Inc (NASDAQ:LYFT) both having had their listings so far. However, plant-based meat maker Beyond Meat has completely overshadowed those IPOs by recording handsome gains since its listing. The company has managed to raise its sales considerably over the past months, and currently, there seems to be strong demand for its shares as well.
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