Oatly’s U.S. IPO Set For $10 Billion Valuation
As the world’s leading oat-milk brand, Oatly has seen rapid growth across the U.S., Europe and China, thanks to savvy marketing, high-profile investors, and partnerships with brands like Starbucks.
Credit: Starbucks
The leading oat-milk brand Oatly is seeking a $10 billion valuation after filing for its much-anticipated IPO last week.
Interest in Oatly has continually soared since the product first came to the US market just four years ago. It has seen rapid expansion across the world, particularly in Europe, America, and China, thanks in part to lucrative partnerships with brands including Starbucks, and high-profile investors including Oprah Winfrey, Natalie Portman, and Jay-Z’s Roc Nation.
Now, the Sweden-based company plans to offer around 65 million American Depository Shares and a further 20 million shares from existing shareholders, according to a regulatory filing last week, reports Reuters. The shares are priced between $15 and $17 per share.
Shares will be listed on Nasdaq under “OTLY”, and industry figures report that trading could begin as early as May 20.
Initial Public Offerings from plant-based companies are attracting huge interest following the watershed IPO from Beyond Meat back in 2019 that became the most successful launch in nearly two decades.
The game-changing success of oat milk has been seen worldwide, with the creamy and frothy milk becoming a big hit with baristas and coffee lovers. Its success has also been driven by climate concerns, as oat milk’s carbon footprint is significantly lower than the resource-heavy production of cow’s milk.
Credit: BBC
Don’t know your oat milk from your almond milk? Then check out our guide to the tastiest plant-based milks.
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