Beyond Meat tumbles on plan to sell more shares
News of the secondary offering came just minutes after the company released earnings for its second time since going public
Beyond Meat Inc. sent its share price plummeting as much as 14 per cent Monday as it announced plans to sell more than 3 million additional shares nearly three months after it went public. The move will dilute the value of current shareholders’ holdings after shares surged about 800 per cent since the company’s May 1 initial public offering. Read More