Beyond Meat announces secondary offering

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Beyond Meat, the world's first producer of plant based meat, has announced a secondary offering following the company's IPO in May. 

Following the IPO, the share price increased nearly 800%. The company announced that 3.25 million new shares would be issued as part of the secondary offering which would include 3 millions shares being sold by existing shareholders. The company's share price has dropped following the announcement for further fundraising.

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