Impossible Foods CEO Rules Out 2023 IPO as Company Launches 3 New Plant-Based Chicken Products Amidst Record Growth

Impossible Foods, the plant-based food company, is continuing to expand its product offerings and grow its customer base. The company recently announced the launch of three new plant-based chicken products, and CEO Pat Brown has ruled out a potential IPO in 2023.

The new products, which include plant-based chicken nuggets, tenders, and strips, are the latest addition to Impossible Foods’ growing portfolio of plant-based meats. The company has also seen record growth in the past year, with sales up more than 200% and the number of restaurants serving Impossible Foods products growing more than 400%.

Record Growth and Expansion

Impossible Foods’ growth has been driven by the increasing demand for plant-based meat alternatives. The company has seen a surge in sales as more consumers are looking for healthier, more sustainable options. The launch of the new chicken products is part of the company’s strategy to expand its product offerings and meet this growing demand.

No IPO in 2023

Despite the company’s record growth and expansion, CEO Pat Brown has ruled out a potential IPO in 2023. Brown said that the company is not yet ready for an IPO and that it will focus on continuing to grow its business. He also said that the company is not in a rush to go public and that it will take the necessary steps to ensure a successful IPO in the future.

Summary

Impossible Foods is continuing to expand its product offerings and grow its customer base, recently launching three new plant-based chicken products amidst record growth. CEO Pat Brown has ruled out a potential IPO in 2023, saying that the company is not yet ready and that it will take the necessary steps to ensure a successful IPO in the future. #ImpossibleFoods #PlantBased #IPO #ChickenProducts #RecordGrowth #Expansion