Oatly is valued at $10 billion in New York IPO
CNN
Fast-growing Swedish oat milk brand Oatly is headed for a splashy New York IPO that will test investor demand for companies that make plant-based foods.
The company, which will list on the Nasdaq on Thursday, priced its shares at $17 each, giving it a valuation of $10 billion and raising over $1.4 billion from the sale of new and existing equity. Oatly, which produces a milk substitute made from oats, has grown rapidly in recent years. Its signature product is now sold in 60,000 retailers and over 32,000 coffee shops across more than 20 countries.
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