Oatly is expected to be valued at about $10 billion at its initial public offering (IPO) on the US stock market by the end of this week. It has been on the works for the last year and is expected to start trading tomorrow when the stock exchange opens.
The announcement will mark the first chance for investors to buy shares in the Swedish plant-based dairy company. Also, they will be able to deal with shares once the market goes live.
Oatly is offering almost 65 million shares, according to Bloomberg.
Bloomberg predicted by February the Oatly IPO valuation.
Oatly is recognized worldwide for its cheeky, blunt, and sarcastic advertising.
High-profile investors in Oatly include talk show host Oprah Winfrey and actress Natalie Portman, however, we must remember that the brand received some criticism after selling a stake of U$ 400 million to a group of investors led by the private equity consortium, Blackstone.
As a result, it prompted boycott calls, because Blackstone is linked to alleged involvement in Amazon deforestation, and its founder has donated to the Donald Trump campaign in the past.