Headlines continue to include IPO's.The IPO market continues to be one of the main headlines this year as more and more brand names are launching along with some dark horse names that have managed to steal attention, even if only briefly.
One of those names last week was Beyond Meat (NASDAQ: BYND) which dominated the headlines thanks to its 160% first day gain. Investors flocked to the previously unheard of name, jumping all in on the vegan meat company pushing it's valuation to more than $20 billion. This put it ahead of current valuations of Lyft (NASDAQ: LYFT) and Pinterest (NASDAQ: PINS). At that point investors had paid just about 40 times sales which is a record for a food company.