Oatly U$10 Billion IPO Expected Tomorrow

Image Credit: Oatly

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 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.

Share with friends:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Rice with dried fruit
Revo foods' first 3d-printed vegan salmon filets will launch in stores in 2023
The ten best vegan chicken brands
Keto-friendly Snacks
Five vegan foods that reduce stress, and what makes stress worse
YOU MIGHT ALSO LIKE