Blackstone-backed Oatly files for US IPO
February 24, 2021
Oatly, a maker of plant-based milk and other products with celebrity investors like Oprah Winfrey, has confidentially filed for an initial public offering in the US.
- Oatly could seek a valuation of roughly $10 billion for its public debut, Bloomberg reported.
- Last July, the Malmo, Sweden-based company raised $200 million from a group led by Blackstone, valuing it at $2 billion, according to a PitchBook estimate. Winfrey, Jay-Z's entertainment agency Roc Nation, actress Natalie Portman, former Starbucks CEO Howard Schultz, Orkila Capital and others also took part in the funding round.
- Verlinvest, a family-owned evergreen investment group that's based in Brussels, is said to be Oatly's largest shareholder.