Oprah-backed vegan brand Oatly confidentially files for IPO
1 week ago
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Oprah-backed Oatly, the oat milk food brand that catapulted to stardom following its bizarre Super Bowl ad, submitted plans for an initial public offering on Tuesday.
The Sweden-based company, which subs in oat milk for dairy in vegan products like coffee creamers, yogurt and ice cream, submitted a confidential F-1 registration statement with the Securities and Exchange Commission, the first step towards its potential IPO, the company confirmed to FOX Business Tuesday.
Oatly hired Morgan Stanley, JPMorgan and Credit Suisse as underwriters on the offering, which could be valued at more than $5 billion, sources told Reuters.