Impossible Foods Eyes $10 Billion IPO, Say Reports

Sources familiar with the matter say the plant-based meat brand is considering a public listing in the next 12 months


2 Minutes Read

Impossible Foods Eyes $10 Billion IPO, Say Reports Will Impossible Foods be the next plant-based meat brand to go public? - Media Credit: Impossible Foods

Plant-based meat brand Impossible Foods is eyeing an IPO valued at $10 billion, according to reports.

Sources familiar with the matter told Reuters the company is considering a public listing in the next 12 months. It is reportedly also weighing up a merger with a ‘special purpose acquisition company’. 

Impossible Foods IPO

The $10 billion valuation is a staggering $6 billion higher than the company’s worth was back in 2020, following a series of successful funding rounds and celebrity backers.

Its latest Series G investment, led by Coatue, brought the company’s total investment to an estimated $1.5 billion.

However, Reuters said a spokesperson for Impossible Foods declined to comment on the rumors.

Impossible Milk

Last year, the food-tech giant revealed it’s working on a vegan alternative to cow’s milk – its first foray away from plant-based meat.

While the milk does not yet have a name or release date – some are predicting it will be called Impossible Milk. According to the company, the new drink looks, tastes, and behaves like cow’s milk. 

Made from plant proteins, it has been created to mix well with other liquids (like coffee), as well as be foamed. It can also be used as a direct alternative to cow’s milk in recipes, without the need for other tweaks.

Plant Based News contacted Impossible Foods for comment. A spokesperson for the company said: “We have no comment about such speculation at this time.”

*This article was updated on April 9 to include Impossible Foods’ response

Join The Plant Based Newsletter and we will plant a tree! 🌳

We plant a tree for every signup. You’ll receive our weekly news round-up and be the first to hear about, product launches, exclusive offers and more!

© 2024 Plant Based News is a mission-led impact media platform focused on elevating the plant-based diet and its benefit to human health, the planet, and animals. | Plant Based News Ltd, PO Box 71173, London, SE20 9DQ, United Kingdom.