The US company Beyond Meat - which makes vegan burgers and sausages - has made a stunning share debut on New York's Nasdaq exchange. The price of its shares doubled as trading began, putting a $3bn value on the company. Beyond Meat sells its products across the world and expects a big shift to meat substitutes in the future. Beyond Meat's shares were priced at $25 each at the start of trading, but touched $72 during the trading day before closing at $65.75. Beyond Meat said it has reported losses since it was founded in 2009 due to its investment in "innovation and growth". The business counts actor Leonardo DiCaprio and Bill Gates amongst its backers.
Beyond Meat
