Reuters first to report Impossible Foods in talks to list on stock market

Reuters was first to report that Impossible Foods Inc is preparing for a public listing with a so-called special purpose acquisition company (SPAC) valuing the U.S. plant-based burger maker at around $10 billion or more. That would be substantially more than the $4 billion the company was worth in a private funding round in 2020 and would highlight growing demand for plant-based meat products, driven by environmental and ethical concerns among consumers. Shares of rival Beyond Meat Inc are trading more than 400% above its IPO price from 2019.