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Israel's Meat-Tech 3D Confidentially Files For US IPO

Published on Oct 28 2020 9:29 AM in Technology tagged: Trending Posts / US / IPO / Israel / Meat-Tech 3D / Meat Alternative

Israel's Meat-Tech 3D Confidentially Files For US IPO

Israel's Meat-Tech 3D, a company that is developing technology to create 3D-printed meat, said it has confidentially filed for a US initial public offering.

The company did not specify the size of the offering, and said in a filing that the IPO would commence when market conditions would permit, following a US Securities and Exchange Commission review.

Cultured Meat

Meat-Tech is developing an alternative to meat farming by producing industrially cultured meat, the company said on its website.

The filing comes amid increasing interest in the meat-substitute industry and scrutiny of traditional meat sources over ethical and environmental concerns.

Last year, Beyond Meat, one of the biggest names in the global meat-alternatives business, went public on US stock markets.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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