Oatly, Procore debuts calm U S IPO jitters - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Oprah-backed Oatly raises $1.4 billion in IPO -source
By Echo Wang and Anirban Sen
Reuters
(Reuters) -Swedish vegan milk maker Oatly Group AB, which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised $1.4 billion in its U.S. 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 $17 each, at the top of its indicated range, the person said. This implies a valuation for the company of $10 billion.
The source requested anonymity ahead of an official announcement. Oatly did not immediately respond to a request for comment.
Retail & ConsumerOprah-backed Oatly raises $1.4 billion in IPO
Anirban SenEcho Wang
4 minute read
Oprah Winfrey takes part in the Women In The World Summit in New York City, U.S., April 10, 2019. REUTERS/Caitlin Ochs/File Photo
Swedish vegan milk maker Oatly Group AB (OTLY.O), which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised $1.4 billion in its U.S. initial public offering on Wednesday, the company said in a statement.
The company, whose investors also include rapper Jay Z and former Starbucks Corp head Howard Schultz, said it priced 84.4 million American depositary shares in the initial public offering at $17 each, at the top of its indicated range. This implies a valuation for the company of $10 billion.