Orrick Advises Beyond Meat on $240.6 Million IPO


Orrick advised Beyond Meat on its $240.6 million initial public offering of 9.625 million shares of common stock. The offering priced at $25.00 per share and began trading today on the Nasdaq Global Select Market under the ticker symbol “BYND.”

In addition, Beyond Meat has granted underwriters a 30-day option to purchase up to 1,443,750 additional shares of common stock to cover over-allotments, if any, at the initial public offering price less underwriting discounts and commissions. The offering is expected to close on May 6, 2019, subject to customary closing conditions.

California-based Beyond Meat creates plant-based meat products including the Beyond Burger. Goldman Sachs & Co., J.P. Morgan and Credit Suisse are serving as lead book-running managers for the offering. BofA Merrill Lynch and Jefferies are also acting as book-running managers, and William Blair is acting as co-manager for the offering.

The team advising Beyond Meat was led by Harold Yu, and included Chris Austin, Lynne Hirata, Vinella Sido, Andrew Miller, Jevon Potts, J.T. Ho, Mark Nguyen, Bill Hughes, Daniel Kim, Steve Malvey, Christine McCarthy, Tim Greene, Katherine Hogan, Matthew Coleman, Valerie Guillard Hein, Alexa Ponist, Kristin Cornuelle, Marley Weddington and Tom Zellerbach.