Oatly Hits the Market With $10 Billion IPO

Oatly Hits
the Market With
$10 Billion IPO.
On Thursday, Swedish oat milk brand Oatly listed
on Nasdaq under the stock ticker “OTLY.”.
Pre-market debut, the company
priced its shares at $17 each, giving itself
an implied valuation of $10 billion.
Oatly raised over $1.4 billion from the
sale of existing and new equity. .
Shares soared 24 percent during
its public market debut.
The stock opened at $22.12, increasing the
company’s market value to $13.1 billion. .
Oatly’s reach has expanded rapidly in recent years. .
It made its debut in
U.S. coffee shops only
five years ago.
The company’s signature
oat milk product is now sold
across more than 20 countries
in over 32,000 coffee shops
and 60,000 retailers. .
Its revenue reached
$421.4 million in 2020,
with retailers accounting
for three-fourths of sales. .
Oatley is backed by a number of big names,
including Natalie Portman, Oprah and
former Starbucks CEO Howard Schultz. .
Oatley is backed by a number of big names,
including Natalie Portman, Oprah and
former Starbucks CEO Howard Schultz. .
Oatley is backed by a number of big names,
including Natalie Portman, Oprah and
former Starbucks CEO Howard Schultz.