Food & Beverage

Impossible Foods contemplates public listing

April 9, 2021

Impossible Foods Inc., a plant-based burger manufacturer, is preparing a public listing that could value the company at around $10 billion or more, according to a Reuters report.

The company, which was valued at $4 billion in a private funding round in 2020, is exploring an initial public offering in the next 12 months or a merger with a so-called special purpose acquisition company, according to unnamed sources familiar with the matter

Impossible Foods worked with a financial adviser after it received offers at a high valuation, according to the sources, who also said a public offering through a SPAC could dilute existing shareholders more than an IPO.