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Investors Jostle for Pre-IPO Stake in Impossible Foods – Wall Street Journal

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Investors are vying for a piece of plant-based alternative meats producer Impossible Foods Inc. before the startup goes public, anticipating that its debut will draw market interest similar to that of rival Beyond Meat Inc.

Impossible Foods’ shares have seen a flurry of transactions in the secondary market that have valued the private company as high as $5 billion, brokers handling such sales said. Investors are making a bet that the company will either go public or get acquired at a higher share price, and are rushing to…

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