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Everything you need to know about the Oatly IPO Everything you need to know about the Oatly IPO
Rebecca Cattlin February 26, 2021 10:53 AM
As oat milk sales surge, becoming the fastest-growing plant-based milk category, Swedish brand Oatly has announced its intention to hold an IPO. Discover everything you should know about Oatly before it lists. Share:
What is Oatly?
Oatly is a Swedish vegan milk maker, producing a sustainable alternative to dairy products using oats. It was formed in the 1990s following research from Lund University, which led Oatly to patent its enzyme technology that turns oats into a milk substitute.
An Oatly ad campaign from 2019
The parent company of Oatly, the Sweden-based dairy-alternative business, has started the ball rolling on a planned IPO.
Havre Global has submitted a draft registration statement with the US stock-market regulator on a proposed offering of American depositary shares, or ADRs, in the country.
In a brief statement issued today (23 February), Havre Global said the number of ADRs to be put up for offer and the price range for the shares have not yet been determined .
The company added: The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.
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