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Beyond Meat, Lift Slide as a mood on Street Slaps Recent IPOs



(Bloomberg) – Shares of newly listed companies such as Beyond Meat Inc. and Lyft Inc. are hit after Wall Street centralities are sour over the weekend as investors weighed the prospect of a US trade war with China.

With the S & P 500 index down 1.3 percent at 9:50, Wall Street loved Beyond Meat – the plant-based burgers manufacturer who more than doubled its IPO price of $ 25 after just two days of trading in the previous one Week – is underperforming, falling as much as 6.4 percent on Monday's trading.

Shares in Zoom Video Communications Inc. fall as much as 5.9 percent. while riding service Lift the tumbler 4.2 percent. If the mood doesn't change soon, it can be difficult for key competitor Uber Technologies Inc. to reach Uber's IPO prices on Thursday.

(Updates share whole.)

To contact the reporter on this story: Cristin Flanagan in New York at cflanagan1@bloomberg.net

To contact the editors responsible for this story: Catherine Larkin at clarkin4 @ bloomberg.net, Scott Schnipper

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