Beyond Meat (ticker: BYND), makers of the Beyond Burger, raised funds in the capital markets via an initial public offering (IPO) conducted in May 2019 (To find out more, you can follow this embedded link.). The Beyonds final IPO prospectus filed with the SEC showed that 9,625,000 shares common stock were sold at an offer price of $25 per share and with underwriting discounts and commissions of $1.75 per share.

Questions:

1. Calculate the total proceeds for Beyonds IPO. 2. Calculate the total dollar amount of the underwriting discounts and commissions. 3. Calculate the percentage value of the underwriting discounts and commissions. 4. Calculate the net proceeds for Beyonds IPO.

Go to Yahoo Finance and find the first-day secondary-market closing price for Beyond Meat (BYND) on May 2, 2019. Under the Summary menu, you can find the closing price on May 2, 2019 by selecting Max for the chart and sliding your cursor to the fart left over the date May 2, 2019 (the date is shown in the black bar above your cursor and the corresponding closing price is shown in the black indicator on the right side of the chart). You can also find closing prices by using the Historical Data menu and selecting the time period and frequency (when using prices to calculate returns you generally want to use the adjusted closing price).

Find Beyond Meats final IPO prospectus dated May 1, 2019 by going to SEC.gov, FILINGS, Company Filing Search, Company and Person Lookup, Beyond Meat, Inc. (BYND). Look for filing type 424B4 with filing date 2019-05-03, then click on Documents, then click on beyondmeat424b4.htm.The first two sentences on the cover of the final prospectus should be This is the initial public offering of shares of common stock of Beyond Meat, Inc. Prior to this offering, there has been no public market for our common stock. Search the final prospectus for the term Common stock to be outstanding after the offering to determine the number of shares of common stock outstanding immediately following the IPO (excluding the underwriters option to purchase additional shares).

Questions:

5. Use the information provided on the front page of the IPO final prospectus to verify your answers to questions 1, 3, and 4 above.

6. Based on the information on the front page of the IPO final prospectus, how many investment banks are in the underwriting syndicate?

7. Calculate the underpricing for Beyonds IPO.

8. Calculate Beyonds market capitalization at the close of the first-day of second-market trading.

9. Calculate the money left on the table in Beyonds IPO.

10. Share any thoughts you might have regarding Beyonds IPO.