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Public market flotations by highly coveted and well-funded ag start-ups have followed in the footsteps of Beyond Meat’s 2019 IPO, adding to the growing signs of industry maturity.
The Series B shares will pay an 8 percent annual dividend and were offered as part of deal that gives SunOpta the option to call on a second tranche of $30m from Oaktree and Engaged Capital before mid-July.