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Entrepreneurship Plant-Based The Katchup

Beyond Meat Just Became The First Plant-Based Burger Producer To Go Public

In the past few years, we’ve seen plant-based meat go from a Silicon Valley pipedream to a revolutionary food that has already invaded mainstream fast food chains. Now, the disruptive industry is making Wall Street its next target, as Beyond Meat has become a publicly traded company.

Photo courtesy of Carl’s Jr.

Beyond Meat is now the first ever plant-based burger purveyor to ever go public, a major step forward in confirming that vegan meat substitutes are the way forward. Investors seem to think so too: Just hours after launch, the company has already more than doubled its share price, a feat only achieved by just over 20 other companies in the last two decades.

It’s clear that plant-based food has invaded the mainstream and become a core part of daily eating, whether it be as a vegan, flexitarian or just someone looking to cut down on meat consumption. Could this also be a sign that these substitutes aren’t just going to be a part of the status quo, but could one day dominate it?

That conversation merits discussion, especially with how Beyond Meat is skyrocketing up the charts today. With all of that in mind, myself, fellow Foodbeast Elie Ayrouth, and vegan chef Skyler Tanksley broke down what all of this might mean on Foodbeast’s The Katchup Podcast. Tanksley, who runs the kitchen at Orange County’s first-ever vegan diner, Munchies, had some particularly insightful thoughts into what a future where plant-based meats are the norm could be like.

Regardless of whether any of that comes true, one thing is for certain: With how Beyond Meat is already performing on the stock market, it’s only a matter of time before vegan meat becomes as commonplace as the real thing.

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Alcohol Celebrity Grub Culture Drinks News Nightlife Toasty

Drake Wants You To Invest In His Whiskey

Brent Hocking and Drake. (PRNewsfoto/Virginia Black)

Drake has made yet another mogul move — and he wants you to join him in being a mogul, too. The Grammy Award-winning artist recently announced the intention to file an initial public offering (aka an IPO) that will allow people to invest in his Virginia Black American Whiskey brand.

The IPO is slated to begin at the end of the 1st quarter of this year. Individuals interested in learning more about the investment opportunity and registering an indication of interest, along with opening and funding their BANQ® account to purchase shares once the offering commences, can do so here.

Launched in 2017 with spirits producer and entrepreneur Brent Hocking, Virginia Black is an aged Bourbon whiskey that was voted one of the top 100 spirits of 2017 by Wine Enthusiast, earning a 91 point rating.

Decadent American Whiskey. (PRNewsfoto/Virginia Black)

There’s no denying the new-found popularity of brown spirits. Last year, brown spirits lead growth in the U.S. with American whiskey volumes up 6.8% and revenues of $3.1 billion signifying an increase of 7.7% in 2016.

TriPoint Global Equities, LLC, working with its online division BANQ®, will act as the lead managing selling agent and bookrunner for the offering. The company seeks to raise up to $30 million in its IPO and intends to use the proceeds from the offering to fund expansion, sales and marketing, and for working capital and other general corporate purposes.

“Virginia Black is the perfect combination of exceptionally good juice in exquisite packaging at an accessible price,” says Hocking. “From inception, we wanted everyone to enjoy Virginia Black and are pleased to extend the opportunity to millions of Americans and other investors around the world to become part of the Virginia Black family.”

So, if you’ve decided to cash out early on Bitcoin, you can invest in a more tried and true commodity — booze.

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Hit-Or-Miss

Chicken Joint ‘BOJANGLES’ Just Went Public, Here’s Why You Should Care

Bojangles-IPO

Bojangles stock is blowing up. In its first day on the market, the fried chicken chain has been met with great success, Business Insider reports.

The North Carolina-based food chain is known for its Southern-style food. This includes 12-hour marinated fried chicken, biscuits made from scratch and all-day breakfast offerings.

Originally pricing its IPO at $19 a share (an optimistic price), the company sold 7.75 million shares. Eventually, prices rose to $23.40 a share and at one point $27.

B0jangles has 622 restaurant locations in 10 different states in the East Coast. Since 2012, sales have grown from $349 million to $430 million. Now that the company has gone public, its plans of expansion to the West Coast is more than likely.

We’ll probably see more competition between them and Popeyes in the near future. Especially since Bojangles caters too an all-day breakfast menu. That’s usually a HUGE sell.

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Fast Food

Dunkin’ Donuts Announces IPO — Begins Trading Stock Today

Today marks the first day of trading shares of common stock in Dunkin’ Brands Group, Inc. (NASDAQ: DNKN), the parent company of Dunkin’ Donuts and Baskin-Robbins. The move to go public is in alignment with plans for the company to repay debt and double the number of Dunkin’ Donuts outlets in the U.S. over the next 20 years.

Early reports show that the stock is soaring, with the initial issue of $422.75 million worth of shares at $19 apiece already reaching $28.69 at the time of this posting. As seen in the leader image above, The NASDAQ Stock Market has unofficially changed its branding for the day in celebration of Dunkin’ Brands’ new listing.

The new logo is visible on the NASDAQ corporate website, as well as electronic signage on the NASDAQ MarketSite Tower in Times Square (4 Times Square, corner of 43rd Street & Broadway)  at the following times: 10:15 – 10:45 am, and every hour at :50 past, i.e. 11:50, 12:50, etc.

Here’s a shot of Dunkin’ Brands CEO Nigel Travis sippin’ a cup of coffee for the occasion:

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Fast Food

Dunkin’ Brands Seeking a $400 Million Initial Public Offering

At the beginning of April, we reported on the initial IPO talks for Dunkin’ Brands, the parent company to both Dunkin’ Donuts and Baskin-Robbins. Today, Dunkin’ Brands Group, Inc. has announced that it filed a registration statement with the S.E.C. for a proposed initial public offering of $400 million of its common stock.

Their announcement made no detail as to a per-share price or how many would be made available. Dunkin’ Brands houses 9,760 Dunkin’ Donuts locations and 6,433 Baskin-Robbins units worldwide.