Bill Gates-backed meat substitute startup files for IPO

Microsoft Co-founder Bill Gates-backed meat substitute startup Beyond Meat has filed for a $100-million initial public offering (IPO). Goldman Sachs, JPMorgan and Credit Suisse Group AG are leading the offering. The US-based startup which was founded in 2009 focusses on frozen-chicken substitute and is known for its Beyond Burger, a 100% plant-based burger which is made to taste like meat.