Beyond Meat Inc BYND shares rocketed higher by another 26 percent on Friday after the company beat expectations with its first public earnings report. Friday’s big gain continues the red-hot start to life on the public market for the the meatless burger maker after it held its high-profile IPO roughly one month ago.
Beyond Meat is on track to be one of the best high-profile IPOs of the past decade, with shares already up more than 400 percent from their IPO price.
Benzinga took a look back to see how Beyond Meat’s performance in its first two months on the market compares to some of the other most eagerly anticipated IPOs of the past decade. Without a doubt, Beyond Meat is on track to have potentially the most profitable first two months of any high-profile IPO of the current bull market.
How Beyond Meat Stacks Up
For comparison, here’s a look at how Beyond Meat stacks up to other recent IPOs. Two-month performance for stocks that have not yet traded for a full eight weeks are market with an asterisk. "Current price" as of 1 p.m. ET, June 7.
Beyond Meat
- IPO date: May 2, 2019
- IPO price: $25
- Two-month return: +414.8 percent
- Current Price: $134.92
Twitter Inc TWTR
- IPO date: Nov. 7, 2013
- IPO price: $26
- Two-month return: +136.3 percent
- Current Price: $38.18
GoPro Inc GPRO
- IPO date: June 25, 2014
- IPO price: $24
- Two-month return: +80.3 percent
- Current Price: $5.94
Alibaba Group Holding Ltd BABA
- IPO date: Sept. 19, 2014
- IPO price: $68
- Two-month return: +69.2 percent
- Current Price: $154.89
Pinterest Inc PINS
- IPO date: April 18, 2019
- IPO price: $19
- Two-month return: +40.3 percent*
- Current Price: $27.35
Snap Inc SNAP
- IPO date: March 2, 2017
- IPO price: $17
- Two-month return: +29.3 percent
- Current Price: $14.09
Square Inc SQ
- IPO date: Nov. 19, 2015
- IPO price: $9
- Two-month return: +5.2 percent
- Current Price: $68.49
Uber Technologies Inc UBER
- IPO date: May 10, 2019
- IPO price: $45
- Two-month return: +0.2 percent*
- Current price: $45
Lyft Inc LYFT
- IPO date: March 29, 2019
- IPO price: $72
- Two-month return: -15.4 percent
- Current price: $61.05
Facebook, Inc. FB
- IPO date: May 19, 2012
- IPO price: $38
- Two-month return: -23.3 percent
- Current Price: $173.51
Blue Apron Holdings Inc APRN
- IPO date: June 29, 2017
- IPO price: $10
- Two-month return: -48.3 percent
- Current Price: 65 cents
Related Links:
A Beyond Meat Analyst's 7 Takeaways From Its First Post-Earnings Call
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