UPSIDE Foods, a food technology firm located in California, has attracted the attention of investors after raising a sizable sum in a recent investment round.
The IPO of UPSIDE Foods might come sooner than you think now that it has received the necessary permissions from the relevant authorities.
If you’re interested in buying shares in UPSIDE Foods, read on.
What Is UPSIDE Foods?
UPSIDE Foods is a Berkeley, California-based company that uses animal cells to grow beef, poultry, and seafood. These are tasty meat produced without the necessity for the mass slaughter of animals. UPSIDE Foods, established in 2015 as the world’s first cultured meat firm, has set several precedents, including being the first to grow chicken, beef, and duck. It is also the first to get the FDA’s “approval” for a cultivated meat product.
Since its inception in 2015, UPSIDE Foods has been dedicated to creating a wide variety of tasty products, all with the same end objective: to provide people with the meat they love in a new and improved manner. Among them include creating ground meat products with simpler textures that can be scaled up rapidly and at reduced costs and whole-textured goods like chicken filets. The developed chicken filet will be the company’s first product, followed by next-generation offerings.
The company is working hard to develop a more equitable food system so everyone can access delectable, humane, and environmentally responsible meat, poultry, and fish.
The National Association of Business Resources named UPSIDE Foods one of the Best and Brightest Companies to Work For in the Nation, and the New York Times called it one of the Good Tech Award winners.
When Is UPSIDE Foods IPO?
Today, UPSIDE Foods has no word on when or if the company will become public. However, potential investors eagerly await the news.
How to Buy UPSIDE Foods Stock After the IPO
Because UPSIDE Foods is a private firm, it isn’t easy to get ownership of the company. You may use these steps to buy shares in UPSIDE Foods when they go public.
Follow these steps to buy shares in UPSIDE Foods when they become available:
- Create a brokerage account.
- Search for UPSIDE Foods.
- Set the total cost of your purchase based on the number of shares you want.
- Place your order.
- Be sure to monitor your portfolio.
Please be aware that, as of today, there is currently no stock exchange where UPSIDE Foods may be purchased.
7 Best Alternatives to UPSIDE Foods Stock
UPSIDE Foods stock is currently unavailable for potential investors. However, there are a few other reliable food stocks to buy.
Since UPSIDE Foods stock is unavailable, here is a list of the top food stocks to buy.
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Kroger (NYSE: KR)
Kroger operates thousands of supermarkets and has hundreds more subsidiary stores throughout the United States. In addition to their supermarket brand, they also own many other well-known grocery companies. It operates over 2,800 outlets in 35 states under various brand names.
This establishes Kroger as a significant player in the global retail industry. Kroger has a market cap of 35.32 billion USD. Its shares are trading at 49.23 USD.
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PepsiCo (NASDAQ: PEP)
PepsiCo, Inc., headquartered in New York City, is a food and beverage corporation that ranks among the world’s most enormous. Through its direct-store-delivery, customer warehouse, and distributor networks, directly to consumers through e-commerce platforms and retailers, the company serves wholesale and other distributors, food service customers, drug stores, grocery stores, and convenience stores.
PepsiCo is worth $267.64 billion on the stock market. The stock price is now 194.27 USD per share.
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McCormick
A significant player in the food industry is McCormick. The company mainly produces, distributes, and markets culinary seasonings. Spices, seasoning blends, and condiments are all examples. McCormick’s primary customers include grocery stores, restaurants, and food manufacturers. In addition, you can buy its wares in several other countries.
It generates the most revenue from selling spices and related culinary items worldwide. The current valuation of McCormick is $23.86 billion. The current price of the stock is $88.95.
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Tyson Foods (NYSE: TSN)
About 20% of the beef, hog, and poultry in the United States comes from Tyson Foods, a contemporary, multinational, protein-focused food firm. The firm is well-known in the food industry for its prepared meals and meat products marketed under household names like Jimmy Dean and Hillshire Farm.
Tyson Foods, with its 123 food processing plants throughout the United States, is the biggest yearly exporter of beef from the United States. The current valuation of Tyson Foods is $21.58 billion. The stock price is now $60.69 per share.
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Kellogg Company (NYSE: K)
Corn Flakes from Kellogg’s is a classic American morning cereal that has been a staple for generations. Kellogg’s is a significant player in the American food industry. Although their cereal products are the most well-known, they provide a wide variety of other morning meals and snacks that are as well-liked. One of Kellogg’s greatest assets is the breadth of its food offerings.
The success of a single product does not have an outsized impact on the business. The corporation has also been striving to broaden its reach internationally since this would enhance the amount of money it brings in. The current market value of Kellogg’s is $24.11 billion. Its stock price is now $70.35 per share.
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Starbucks (NASDAQ: SBUX)
The coffee shop chain Starbucks is the biggest in the world. Its unexpected effectiveness during the epidemic is very laudable. The company’s successful response to the epidemic was reflected in a year of solid performance for Starbucks stock. The company plans to expand its operations internationally soon. More than a thousand different shops, many overseas, are in the works.
The loyalty program offered by this coffee shop stood out from the competition. Due mainly to the chain’s loyalty program, customers have made frequenting Starbucks part of their daily lives. The current valuation of Starbucks is USD$123.22 billion. The current pricing for its stock is USD107.21.
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General Mills (NYSE: GIS)
General Mills’ most popular offerings are flour, morning cereals, snacks, prepared mixes, and other related goods. It is one of the world’s leading producers of food for commercial use. More than 100 of its brands are sold in 100 different countries across six continents, making it the world’s largest producer and distributor of branded consumer foods.
In addition to its core manufacturing operations, the firm also has stakes of 50% each in two important joint ventures that produce and distribute food goods to more than 120 countries. A wide range of tasty, nutritious, convenient, and reasonably priced human and animal food items are available from this firm. General Mills has a market cap of 52.75 billion USD. Its shares are trading at 89.81 USD.
UPSIDE Foods Has Revealed Their Upcoming Menu Items
In April, UPSIDE Foods, the industry leader in farmed meat, poultry, and seafood, introduced a line of consumer goods derived from actual animal cells. UPSIDE plans to increase its commercial offerings to include a wider variety of tasty alternatives after the complete regulatory assessment of its cultured ground meat products.
These products include chicken sandwiches, chicken sausages, and dumplings. Furthermore, UPSIDE announced the development of a novel chicken cell line for use in suspension cell culture, which has the potential to decrease manufacturing costs for these ground meat products significantly.
By creating a chicken cell line that does not need platelet-derived growth factors (PDGF), one of the most costly components required to sustain cell development, UPSIDE has also made significant advances in the ground meat product range. The firm has been dedicated to improving its ground product manufacturing processes since introducing the first cultured beef meatball globally in 2016.
Some of the constituents in UPSIDE’s ground meat products will include herbs, vegetables, spices, and plant-based proteins, but the majority will be actual animal cells. The USDA is reviewing the product for any remaining approvals it may need. UPSIDE, meantime, plans to maintain its collaboration with the FDA and USDA while it develops its next generation of goods for sale.
Final Thoughts
Investing in food companies is a safe bet since they are resilient to economic volatility. Food stocks, however, are not an intelligent choice for those searching for a high-risk investment with a potentially significant return. Match your investment with your objectives to ensure you get the desired return.
Today, UPSIDE Foods has not declared any intentions for an initial public offering. Interested investors may have to wait until the approval process is complete.
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