Lifeboat Foundation

Plant-based fake meat startup Beyond Meat has announced plans to go public sometime in early May, according to CNN. And based on the company’s plans, the public offering will likely value Beyond Meats at an impressive $1.2 billion.

That’s an extraordinary upswing — in addition to selling its increasingly-trendy meat alternative on grocery store shelves, the company recently partnered with both Carl’s Jr. and Del Taco, which could explain how the company is headed toward a coveted “unicorn” valuation.