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Swedish alt-milk brand Oatly seeks $10bn US stock market listing


Last modified on Tue 23 Feb 2021 16.04 EST
Fashionable Swedish alt-milk brand Oatly is seeking a US stock market listing that could value the business at as much as $10bn (£7.1bn).
Malmö-based Oatly is riding high as global demand for plant-based milk alternatives soars. The flotation follows last summer’s sale of a minority stake to a starry group of investors that included US private equity firm Blackstone, Oprah Winfrey and Jay-Z. That deal valued the company at $2bn.
On Tuesday, Oatly said it had submitted a confidential filing for an initial public offering (IPO) with the US Securities and Exchange Commission. The number of shares being sold and price range is yet to be decided, it said in the short statement. ....

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