Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
(Adds financial details, investors, background)
April 30 (Reuters) - Plant-based meat maker Beyond Meat Inc on Tuesday increased the expected price range and size of its initial public offering, ahead of an expected market debut on Wednesday, indicating strong investor demand.
The company said it expects to offer 9.63 million shares, up from 8.75 million shares and the IPO to be priced between $23 and $25 per share, up from $19 and $21 per share, its latest filing with the U.S. Securities and Exchange Commission showed. (https://bit.ly/2GMa9vB)
The higher end of the indicative price range gives the company a market value of $1.49 billion, up from $1.21 billion earlier.
Plant-based meat substitutes have been gaining popularity as more attention is focused on the environmental hazards of industrial ranching.
The Los Angeles-based company in early January announced it was rolling out its plant-based burger at fast-food chain Carl's Jr.
Investors in Beyond Meat include actor Leonardo DiCaprio and Microsoft Corp founder Bill Gates.
Tyson Foods Inc, the no. 1 U.S. meat processor, owned a 6.5 percent stake in Beyond Meat, but last week said it sold its investment in the vegan burger maker, as it looks to develop its own line of alternative protein products.
Beyond Meat's net loss narrowed marginally to $29.89 million in the year ended Dec. 31, from $30.38 million a year earlier. Net revenue more than doubled to $87.93 million in the same period.
The company expects to start trading on the Nasdaq under the symbol "BYND."
Goldman Sachs, J.P.Morgan, Credit Suisse are the lead underwriters to the IPO. (Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel and Shounak Dasgupta)