29 days ago • Posted by William Ramstein
Oatly Group looking for IPO is met with crowded milk market
The much anticipated Swedish producer of oat-based milk and dairy alternatives will finally make its US IPO debut later this week. Oatly is looking to raise as much as $1.65B for a market value of $10.1B. Pricing will be between $15 and $17 for what could be 7X forecasted 2022 revenues. Oatly is the second best milk-alternative brand in Western Europe comprising 9.2% of the market.
Source: Yahoo Bloomberg