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Swedish oat milk maker Oatly raises $1.4B in public debut


Oat milk maker Oatly raised $1.4billion in an initial public offering Thursday 
Shares opened at $17 apiece before quickly jumping 24 percent to $21
Oatly was founded by Swedish brothers  Rickard and Bjorn Oeste in 1994 
In recent years it s experienced a meteoric rise with the message that it s healthier and more environmentally sustainable than cow s milk
Last July, Oatly sold a 10 percent stake in the company for $200million to a group of investors led by Blackstone Group
Among those investors are Oprah Winfrey, Natalie Portman, former Starbucks CEO Howard Schultz and Roc Nation, Jay-Z s entertainment company ....

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Oat milk maker Oatly raises US$1.4 billion in public debut


 
Oatly, the world s largest oat milk company, raised US$1.4 billion in an initial public offering Thursday on the Nasdaq stock exchange, capitalizing on a global surge in demand for its products.
Oatly priced its shares at $17 apiece ahead of the IPO, giving the company a valuation of nearly $10 billion. It s trading under the ticker symbol OTLY.
When shares began trading Thursday, they jumped 24% to $21.
It s the latest milestone in the rapid rise of oat milk, which is winning consumers and famous investors like Oprah Winfrey with the message that it s healthier and more environmentally sustainable than cow s milk. Once a niche product designed for people who were lactose intolerant, Oatly oat milk is now on the menu at Starbucks, in the grocery aisle at Target and sold online by Alibaba in China. ....

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