Oprah-backed Oatly raises US$1.4b in IPO: source
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[BENGALURU] Swedish vegan milk maker Oatly Group AB, which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised US$1.4 billion in its US initial public offering on Wednesday, a person familiar with the matter said.
The company, whose investors also include rapper Jay Z and former Starbucks Corp head Howard Schultz, priced 84.4 million American depositary shares in the initial public offering at US$17 each, at the top of its indicated range, the person said.
This implies a valuation for the company of US$10 billion.
The source requested anonymity ahead of an official announcement. Oatly did not immediately respond to a request for comment.
REUTERS
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