As new plant milk brands continue to launch on what seems like a weekly release, Swedish brand Oatly has cemented itself on the front line of the competition. Oatly products began cropping up at coffeeshops four years ago across New York City and have since been propelled into fridges of coffee drinkers across the US. The company hopes that its growing popularity will translate to a stock surge as rumors about an Initial Public Offering (IPO) begin to grow.
Rumors Swirl That Oatly May Go Public in 2021
Last July the company sold a 200 million dollar stake in the brand to a group of investors. Spearheaded by the equity giant Blackstone Group, this move caused some controversy as a fraction of the seemingly sustainable milk alternative brand was now owned by an equity group that was also funding rainforest deforestation in the Amazon. Other investors include Oprah Winfrey, vegan actress Natalie Portman, former Starbucks CEO Howard Schultz, and Jay-Z’s company Roc Nation. The