New pre-IPO futures. Eat Just: artificial eggs and lab-grown meat makerWe expect the value of Eat Just shares (the underlying asset of the futures contract) to grow by more than 200% before the company will go public.
Eat Just is known for its mung bean-based egg substitute. Company’s products are sold in more than 20,000 U.S. retail outlets and 1,000 food service locations, as well as delivery services. Also, last year Eat Just received first of its kind approval from Singapore authorities to sell its lab-grown chicken meat.
Overall, Eat Just has raised nearly $800M. Its last round this March valued the company at $1.35B. The current value in the private market is $1.5B.
CEO Josh Tetrick expects the company to achieve operating profitability later this year. Sometime after the management will look into its multiple options to enter public markets.
Read more on the advantages of pre-IPO futures and how they work.
