Beyond Meat's (NASDAQ: BYND) IPO created a wave of excitement among investors. The stock went public at $65.75 per share and almost quadrupled in the weeks following the initial public offering. The stock's price increase was so unexpected that savvy investors, rightfully, disapproved of such high valuation.
Even after the company announced a new share offering and the stock price fell to less than $160 per share, no one believes the valuation is reasonable. Despite that, there is a hidden treasure behind such excitement. According to the figures shared on venture capital firm Blue Horizon's website, global food production is expected to grow by 75% in the next 30 years. But there is not enough land and water to support such growth.
Image Source: Getty Images