Medium rare, please

19 Nov 2018 By Amanda Gomez Follow @alpgomez

Investors who take a bite of the plant-based meat maker could get a taste of rapid growth, top-notch leaders and a way to address the looming food crisis. But the company is restricting some shareholder rights and faces competition from traditional and fellow upstart firms alike.

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Beyond Meat filed for an initial public offering on Nov. 16.

The company, which makes plant-based meat substitutes, also said on Nov. 16 that it added Kathy Waller and Ned Segal, finance chiefs of Coca-Cola and Twitter respectively, to its board. They join other directors including former McDonald’s Chief Executive Donald Thompson, Stonyfield Farm Chief Operating Officer Diane Carhart and Twitter co-founder Christopher Stone.

Venture-capital firm Kleiner Perkins Caufield & Byers is the largest shareholder of Beyond Meats, with 16.1 percent; Obvious Ventures, controlled by Twitter co-founder Evan Williams, owns 10.4 percent; an entity called DNS-BYMT holds 9.1 percent; Tyson New Ventures, a subsidiary of Tyson Foods, holds 6.6 percent; and Thompson, through Cleveland Avenue, has a 5.4 percent stake.

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Beyond Meat filed for an initial public offering on Nov. 16.

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