Beyond Meat Inc.’s history-making stock debut left investors salivating over the future of meatless alternatives, and showed how more traditional rivals—particularly Tyson Foods Inc.—need to up their game.
Shares in the El Segundo, California-based maker of plant-based protein products rose 163 percent from their initial public offering price on their first trading day May 2. That was the best debut since at least the 2008 financial crisis among IPOs that raised $200 million or more. The stock nudged higher in its second session on May 3.
