BYND: No Bid.Beyond Meat had quite the run-up following their Nasdaq debut, but today we see them trading below their IPO price for the first time.
Despite their success in getting to public markets quickly, there are questions as to their overall liquidity. Free cash flow took a big hit in Q4, and similarly so after Q1 earnings in late February.
For some context: Impossible Foods is seeking short-term credit facilities in a similar position.
www.reuters.com
