Oatly Raises $1.43 Billion in IPO

May 20, 2021
Oatly AB, the Swedish oat-milk processor, started trading May 20 after an initial public offering that raised $1.43 billion.

Oatly AB, the Swedish oat-milk processor, started trading May 20 after an initial public offering that raised $1.43 billion.

Oatly shares sold on the Nasdaq exchange for $17 a share, the high end of the range it had projected. At that price, the company has a market value of about $10 billion, according to the Wall Street Journal.

Oatly’s success with its IPO comes in the face of a stock market that has cooled off to the point where other companies are delaying stock offerings. It also comes in spite of Oatly sustaining a loss of $60.4 million last year, on revenue of $421.4 million. That revenue, however, was up 70% from the previous year.

Oatly has been a high-profile company, attracting direct investment from celebrities including Natalie Portman and Oprah Winfrey.

Sponsored Recommendations

Learn About: Micro Motion™ 4700 Config I/O Coriolis Transmitter

An Advanced Transmitter that Expands Connectivity

Managing and Reducing Methane Emission in Upstream Oil & Gas

Measurement Instrumentation for reducing emissions, improving efficiency and ensuring safety.

Rosemount™ 625IR Fixed Gas Detector (Video)

See how Rosemount™ 625IR Fixed Gas Detector helps keep workers safe with ultra-fast response times to detect hydrocarbon gases before they can create dangerous situations.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...