An Israeli company that markets lab-meat technology has gone through an initial public offering expected to raise about $25 million.
MeaTech 3D Ltd. started selling shares on Nasdaq on March 12, with an initial price of $10.30 per share. The stock was at $10.62 on March 19. The company is already publicly traded in Israel. It is, so far, the only public lab meat company in the U.S.
MeaTech was founded in 2018 to sell three-dimensional printing technology in the food industry. “MeaTech is developing a novel, proprietary three-dimensional bioprinter to deposit layers of differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat, often called ‘clean meat’ or ‘cultured meat,’" the company said in a statement.