Impossible Foods creates many hit vegan products, including plant-based meat that tastes like the real thing.
With the company’s massive success in the vegan product market, investors from all over are looking to add Impossible Foods stock into their portfolios.
The biggest draw to Impossible Foods Inc. is that the company puts a lot of thought into the recipe, ensuring its product mimics the taste, texture, and smell.
The company is well-known for producing delicious alternatives that will fool any carnivore.
Impossible Foods’ success in the market is already apparent and will continue to rise as more people focus on what they put on their plate.
Keep reading if you want to know more about the company, including if you can buy Impossible Foods stock and what competitor stocks to look out for!
Can You Buy Impossible Foods Stock?
The promising product that Impossible Foods has put out has left many investors wondering if they can get in on the action.
At the moment, the answer is, no, you cannot buy Impossible Food stocks.
As a privately owned company, Impossible Foods receives funding from private investors that can buy into the stock by invitation only.
Who Is Backing the Plant-Based Product Producer?
Since its introduction into the private funding market in 2011, the company has raised $1.3 billion in funding, receiving help from investors like Bill Gates, Horizons Ventures, and Khosla Ventures, Viking Global Investors, and UBS.
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Who Owns Impossible Foods?
The idea behind Impossible Foods came to founder and CEO Patrick O. Brown during a sabbatical year.
Professionally, he was a professor of biochemistry at Stanford University School of Medicine and an HHMI Investigator.
Inspired by his dream to produce healthy, affordable food that was good for the environment, he used his background in biochemistry to develop the world’s first true meat alternative, breaking ground on Impossible Foods.
Impossible Foods Stock Symbol
At the moment, you won’t find Impossible Foods listed in the stock market.
However, it’s widely rumored that the stock will soon go public, especially after the company’s success with a recent funding round.
Current estimates evaluate Impossible Foods at $10 billion, and this is expected to continue to grow as the company catches more and more attention.
Impossible Foods IPO in the Future?
Once Impossible Foods is publicly traded, we’ll find out what its stock symbol is.
Why Is Impossible Foods Successful?
One of the main reasons behind the success of Impossible Foods is its revolutionary products.
The company crafts heavy hitters in the vegan market, including its Impossible Burger and Impossible Fish.
All of its products contain zero meat and taste just like the real thing — something that most plant-based alternatives haven’t been able to accomplish.
Quality, Cost-Effective Meat, and More
Plus, Impossible Foods offers its alternatives to meats and burgers at a much lower price for each of its products, making a name for itself as a more cost-effective and healthier alternative.
The company has been endorsed by a long list of A-listers that includes Katy Perry, Jay-Z, and Bill Gates, just to name a few.
Impossible Foods’ star-studded support team and promise to deliver a meat alternative that tastes great are behind its success.
With so many restaurants and groceries companies buying its products in bulk, it’s safe to say that Impossible Foods isn’t going anywhere soon.
Should I Buy Impossible Food Stock When the Company Goes Public?
Impossible Foods’ successful funding rounds have stirred a lot of talks about the future of the company, suggesting that it may be going public in the coming months.
If Impossible Foods does go public, you should consider buying in if you feel that the company’s current success and backers make it an attractive prospect.
As the company continues to build its presence within more grocery stores, fast food chains, and restaurants, its stocks will likely increase in value.
So if you want to get in on the ground floor for beef, burger, and meat substitutes based on plants, Impossible Meats could be a solid choice for investment when its shares hit the stock market.
Impossible Foods Competitors to Invest In
While Impossible Foods is doing amazing things and is sure to change the game for other meat alternatives, the company is not publicly traded, and it’s not certain when this will change.
For investors looking into the possibility of investing in healthy and environmentally friendly alternatives for food, it’s worth checking out some Impossible Food competitors.
These companies’ stocks could be a good investment to diversify your portfolio now, allowing you to get in on the market and wait for the word to finally jump into Impossible Foods’ stock.
Check out picks for Impossible Foods alternatives and read on to find out more about each company.
Beyond Meat (NASDAQ: BYND)
The top competitor for Impossible Foods is Beyond Meat.
This company creates tasty alternatives to animal products and has been in the market for a few years now.
As of 2020, the stock shot up over 200%, making it one that’s great for short-term and long-term investing.
Currently, this company’s stocks can be traded for $121 per share.
Conagra Brands (NYSE: CAG)
Conagra Brands burst into the market in early 2020, showing off its new meatless alternatives launched as part of its Gartodein Brand.
While Conagra is nowhere near the force that Beyond Meat has created, it’s still part of the top meatless alternatives out there and is open for public trading now.
Currently, this company’s stocks can be traded for $33 per share.
Burger King: Parent Restaurant Brands International (NYSE: QSR)
If you want to invest in a company that deals directly with Impossible Foods, check out Burger Kind and its parent company, Restaurant Brands International.
While the fast-food joint still makes most of its menu with meat, its distributors have picked up Impossible Foods.
The success of Impossible Foods is linked to Burger King, as the fast-food giant will need to keep up with demands for meatless burger alternatives.
Currently, this company’s stocks can be traded for $67 per share.
Can You Buy Impossible Foods Stock: Final Words
While Impossible Foods is not open for public trading yet, the company is likely to go public in the near future.
The success of Impossible Foods’ funding rounds has hinted that the company may soon be open for trading, though the exact date has not yet been released.
If you’re ready to get into the meatless alternative stock game now, there are several options out there, including top performer Beyond Meat.
Keep a lookout and make sure to add a healthy, environmentally friendly option to your portfolio.