A carton of Oatly model oat milk is organized for {a photograph} in the Brooklyn borough of New York, U.S., on Tuesday, Sept. 15, 2020. Photographer: Gabby Jones/Bloomberg through Getty Images
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Swedish vegan milk maker Oatly Group, which counts celebrities Oprah Winfrey and Natalie Portman amongst its backers, raised $1.4 billion in its U.S. preliminary public providing on Wednesday, an individual acquainted with the matter stated.
The firm, whose traders additionally embody rapper Jay Z and former Starbucks head Howard Schultz, priced 84.Four million American depositary shares in the preliminary public providing at $17 every, on the high of its indicated vary, the particular person stated. This implies a valuation for the corporate of $10 billion.
The supply requested anonymity forward of an official announcement. Oatly didn’t instantly reply to a request for remark.