Beyond Meat's IPO leads to a rare 2000-style stock surge

Beyond Meat Inc.’s first day of trading after its initial public offering brought the kind of stock surge that has been relatively rare since 2000, the year that an Internet-driven bull market ended. The producer of vegan beef and sausage substitutes soared 163 percent in its debut. Beyond Meat is only the eighth U.S. company in the past 18 years to climb at least 125 percent after completing an initial public offering of $100 million or more, according to data compiled by Bloomberg. The rest are shown in the chart. There were 29 in 2000 alone.