A major media organization says Oatly’s IPO could be valued at a staggering $10 billion.
Sources who wish to not be identified, but are familiar with the brand, say the brand will go public as a US listing this year.
“Malmo, Sweden-based Oatly is working with advisers on an initial public offering that could come as soon as May,” Bloomberg reports.
“Deliberations are ongoing and details on size and timing of the listing could still change, the people said.”
Further details are yet to be announced.
Oatly has attracted a slew of celebrities such as Oprah and Natalie Portman who have both invested in the brand.
However, the brand faced backlash from consumers after selling a stake to a group of investors led by a private equity consortium Blackstone.
The Swedish oat milk giant told Plant Based News it knew the investment would generate controversy. But, while the choice to work with the consortium ‘may seem like an unexpected one’… Oatly believes it was ‘required for the advancement of the plant-based movement.