Beyond Meat’s (BYND) market cap is bigger than 25% of the S&P 500

Shares of the fake meat maker have soared over 820% since its initial public offering on May 2, putting Beyond Meat’s market capitalization at a whopping $13.85 billion.

That valuation is higher than that of roughly 25% of the companies in the S&P 500 index, including decades-old industry stalwarts like Molson Coors, Viacom, Under Armour, and JetBlue. At its Friday morning levels, Beyond Meat’s market cap was twice the size of Macy’s.

CNBC