IPO hypothesis additionally surfaced final yr
Oatly has declined to touch upon speculations that the Sweden-based dairy-free enterprise is contemplating an IPO after related rumors that emerged final yr.
A spokesman for the oat-based producer advised just-food that the corporate doesn’t touch upon “market rumors” after the CNBC The information channel reported final week, citing unidentified sources, that Oatly was planning an IPO with the potential to lift US $ 1bn. He supplied the identical reply final September when reviews surfaced a couple of attainable inventory providing.
Oatly offered an undisclosed minority stake over the summer season to a bunch of buyers that included US non-public fairness agency Blackstone Group and celeb Oprah Winfrey for $ 200 million, saying it will use the money to finance the enlargement. Rapper Jay-Z’s leisure firm, Roc Nation, Natalie Portman, former Starbucks chairman Howard Schultz, and Rabo Company Investments, Rabobank’s funding arm, additionally participated.
They had been joined by present buyers, Belgium-based non-public fairness agency Verlinvest, and the founders of the corporate.
Malmo-based Oatly manufactures a spread of oat-based merchandise akin to drinks, yogurts, spreads, cream, custard and ice cream which are offered in Europe, together with the UK, the US, Asia and Australia.