Vegan burger maker shines on Wall Street debut

Drew Angerer | Getty Images

Shares of a vegan burger maker have soared on their Wall Street debut.

Stocks for Beyond Meat closed up 163 per cent on its first day of trading.

Shares started at AED 91 (USD $25) each at the start of trading.

At one point on Friday they touched AED 264 (USD $72) before closing at AED 241 (USD $65.75)

The day’s developments means that the California company is now valued at close to AED 14 billion (USD$ 3.8 billion).

More from Business News

On Virgin Radio today

  • Non Stop Hits

    3:00am - 7:00pm

    The UAE's #1 Hit Music Station with no interruptions

  • The Fix With Dany Neville

    7:00pm - 11:00pm

    Officially the UAE's favourite DJ, Dany Neville makes sure you have the soundtrack you need every Saturday night.

Hit Music