Swedish oat milk maker Oatly on April 19 filed for an initial public offering on the U.S. Nasdaq stock exchange.
The company said its sales rose to $421 million in 2020 from $204 million in 2019. It reported a net loss of $60 million for 2020, compared with a loss of $36 million the previous year. The IPO could value the company at more than $5 billion, possibly up to $10 billion, Reuters reported on Feb. 23, citing people close to the matter. Oatly was last valued at $2 billion in an investment round in 2020 led by private equity group Blackstone, celebrities Oprah Winfrey, Natalie Portman and Jay-Z, and former Starbucks boss Howard Schultz.
State-backed China Resources and Verlinvest, the investment company of the family behind brewer Anheuser-Busch InBev, are Oatly’s biggest shareholders. They invested in the company in 2016 through a 50-50 joint venture which owns 60% of the company. China Resources and Verlinvest will each have the right to appoint three directors to Oatly’s board after the IPO, provided their respective shareholdings remain above 15%.Source: REUTERS/Marcos Brindicci
KarenKKwok Gross. It's just oily sugar water.
karenkwok No public remorse from Oprah, Meghan or Harry about the interview that made Prince Philip's last days hugely stressful. But money and fame earned by O, M, H by causing someone to suffer. If end justifies means, the end was death of PP. Is that Аmerican way? How is that KIND?
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