Impossible Foods is contemplating going public, a move that could see the meat-analogue company valued at up to $10 billion, according to a report from Reuters.
Impossible’s plant-based burgers are sold at Burger King and other major fast-food chains across America. Reuters reports that the company was valued at about $4 billion last year in a private funding round. It has raised about $1.5 billion from private investors, including celebrities like Katy Perry and Jay-Z.
Impossible executives are reportedly contemplating raising money through either a straight IPO or a special purpose acquisition company, created solely for the purpose of raising money and using it to buy Impossible. The latter would lower the regulatory burden on Impossible, according to Reuters.
Beyond Meat, Impossible’s biggest rival, went public in 2019, raising $241 million.