US News

Beyond Meat Stock Surges on Wall Street

US News - Tue, 06/11/2019 - 14:48
Beyond Meat Stock Surges on Wall Street

Beyond Meat recently debuted in the stock market and the company making plant-based meat has received strong response from investors in the stock market. Short-sellers were not confident about Beyond Meat’s ability to move higher but they have now been trapped as the stock has witnessed massive gains during the last trading session.

Beyond Meat offered its stock at $25 and the stock closed at $168 on Monday. Beyond Meat declared better-than-expected quarterly results. However, investors were bullish as the company announced strong future guidance with aim to nearly double its revenue over the next year.

While some investors are still doubting if Beyond Meat stock will be able to remain sustain at higher levels, the company has strong options for growth. Many fast food chains can offer products from Beyond Meat and many supermarket chains could feature their products in future. The future for Beyond Meat is looking strong.

Business: Buzzing StocksCompanies: Beyond MeatRegion: United StatesGeneral: FeaturedTNM
Categories: US News

Co-working spaces company WeWork plans to go Public this year

US News - Sun, 05/19/2019 - 14:55
Co-working spaces company WeWork plans to go Public this year

WeWork, the company that provides shared working places for freelancers, start-ups and large enterprises, is considering going public this year. The company has been recently valued at $40 billion. WeWork is operated by its parent company We Company and an IPO this year might see troubles as investors would be concerned about valuations of a company without clear path to profit.

Last year, WeWork generated revenue of $1.8 billion and reported a loss of $1.9 billion. The company has been fast expanding in many cities. The company has raised money from big names in venture capital industry. While many companies like WeWork have raised money at good valuations, stock market debut could be a totally different game. Investors look for profits and sales growth. WeWork reported slightly better performance during first quarter, with revenue at $728 million and loss at $264 million.

Currently, WeWork operates at 425 locations, and has over 400,000 members. The company is also planning to own the spaces which it offers for rent to its members. WeWork members have included startups such as Consumr, HackHands, Whole Whale, Coupon Follow, Turf, Fitocracy, Reddit and New York Tech Meetup.

WeWork investors as of 2014 included J.P. Morgan Chase & Co, T. Rowe Price Associates, Wellington Management, Goldman Sachs Group, the Harvard Corp., Benchmark, and Mortimer Zuckerman, former CEO of Boston Properties.

It would have been much better if WeWork had strong numbers to support its IPO. But, the company is still far from turning profitable.

Companies: WeWorkRegion: United StatesTechnology: TechnologyGeneral: FeaturedTNMBusiness: Company NewsIPO WatchPrivate Equity
Categories: US News




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